September 1, 2014 / 8:02 AM / in 3 years

Dubai lender ENBD to announce plans for Tier 1 bond Monday -sources

DUBAI, Sept 1 (Reuters) - Emirates NBD, Dubai's largest lender, will announce plans later on Monday to issue a capital-boosting bond, banking sources told Reuters.

The bond issue, which will enhance the bank's Tier 1 - or core - capital, will be arranged by six banks including Citigroup, Morgan Stanley and Standard Chartered , two banking sources said, speaking on condition of anonymity as the information has yet to be made public. (Reporting by David French; Editing by Andrew Torchia)

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