Dubai’s Mashreq mandates banks for 3-year Dim Sum bond offering
By Zawya
By Staff Writer
Dubai-based Mashreqbank has mandated a group of banks to arrange investor calls for a three-year Dim Sum bond offering, IFR reported.
Bank of China, China International Capital Corp, China Securities International, Guotai Junan International, Industrial and Commercial Bank of China, Mashreq and Standard Chartered have been appointed as joint lead managers and bookrunners for the transaction.
Investor calls are scheduled for Tuesday.
The Reg S bonds are expected to carry ratings of A/A from S&P Global Ratings and Fitch Ratings, in line with the issuer's ratings.
(Writing by Brinda Darasha; editing by Seban Scaria)