First Gulf to sell $2.5bn of bonds
United Arab Emirates: Tuesday, February 26 - 2008 at 11:44
Abu Dhabi-based First Gulf Bank has announced that it has won investor approval to sell as much as $2.5bn of bonds that are convertible to shares to finance expansion of its lending business, reported Reuters. The bank plans to sell the bonds this year, for which it has hired Goldman Sachs Group and Japan's Nomura Holdings.
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Jeff Florian, Senior ReporterTuesday, February 26 - 2008 at 11:44 UAE local time (GMT+4)
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