Dubai – Mubasher: Emirates NBD has hired banks to arrange for the issuance of US dollar-denominated Additional Tier 1 bonds, non-callable for six years, Reuters reported.

The hired banks comprise Emirates NBD Capital, First Abu Dhabi Bank (FAB), JPMorgan, HSBC, NCB Capital, and Standard Chartered, which will arrange fixed-income investor calls, according to a cited document from one of the banks.

It is noteworthy to mention that during the first quarter (Q1) of 2021, the bank's net profits increased to AED 2.321 billion, compared to AED 2.079 billion in the year-ago period.