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ENBD picks banks for bond sale
- United Arab Emirates: Monday, March 11 - 2013 at 06:34
Dubai's biggest lender, Emirates NBD (ENBD) has hired six banks to help arrange a benchmark-sized subordinated bond sale, as it seeks to reduce government support for its capital ratios, Reuters has reported, citing four sources familiar with the plan. The bank hired HSBC Holdings, National Bank of Abu Dhabi, Citigroup, JP Morgan Chase, Societe Generale and itself for the planned sale, two of the sources said.
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