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First Gulf Bank wins approval for bond issue

DUBAI, March 7, 2016

First Gulf Bank, the largest lender by market value in the UAE, has obtained shareholder approval to issue debt, it said in a bourse filing on Monday.

The bank received approval from its investors to authorize the board "to issue any type of bonds, Islamic sukuk, non-convertible into shares or financing programs," and to set the terms of the instrument and the date of issuance, it said.  - Reuters




Tags: bond | First Gulf |

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