Abu Dhabi Commercial Bank (ADCB) has mandated several banks to arrange a group of meetings with investors for potential five-year US dollar-denominated bond sale worth $500 million, Reuters reported, according to a bank statement.
The chosen banks are Barclays, BofA Merrill Lynch, JPMorgan, Mizuho, and SMBC Nikko, Reuters revealed.
The scheduled meetings will start on 15 March in New York and, to be ended on 19 March in London.
In January, the Abu Dhabi-listed lender generated $540 million from selling a Formosa bond.
ADCB posted a 3% increase in net profits to AED 4.3 billion during the full-year 2017 versus AED 4.1 billion a year earlier.