Ahli United Bank To Issue Tier 1 Bonds, Meet Investors From Thursday - Gulf Business
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Ahli United Bank To Issue Tier 1 Bonds, Meet Investors From Thursday

Ahli United Bank To Issue Tier 1 Bonds, Meet Investors From Thursday

The lender chose Goldman Sachs, HSBC and Morgan Stanley to arrange investor meetings for the bonds.

Bahrain’s Ahli United Bank, rated BBB-plus by Standard & Poor’s and Fitch, has picked three banks to arrange fixed income meetings starting on Thursday for a potential capital boosting bond issue, a document from lead arrangers showed.

The lender chose Goldman Sachs, HSBC and Morgan Stanley to arrange investor meetings for the bonds, which would boost the bank’s Tier 1 (core) capital.

The roadshow will take place in Singapore on April 16, Hong Kong on April 17, Abu Dhabi and Dubai on April 19, and London on April 20 before finishing in Zurich and Geneva on April 21.

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