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FGB plans $1bn debt sale on Japanese bond market

: Wednesday, June 11 - 2014 @ 00:19

The UAE’s third-largest lender by assets, First Gulf Bank (FGB) has registered to sell as much as $1bn of securities on the Tokyo Pro-Bond Market as it seeks funds to expand, Bloomberg has reported. The program takes effect June 11 and will be valid for a year, according to a statement on the Tokyo Stock Exchange’s website. First Gulf Bank also raised ¥4.7bn ($46m) in September from the sale of three-year notes that pay a coupon of 1%.

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Wednesday, June 11- 2014 @ 0:19 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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