International law firm Clifford Chance is advising First Gulf Bank, the second-largest lender by market value in the United Arab Emirates, on a potential benchmark-sized bond issuance, sources familiar with the matter told The Brief.

Deutsche Bank is acting for the dealers on the issuance, which sources told The Brief and Reuters could be announced as early as Tuesday or Wednesday this week.

Three sources confirmed that the First Gulf Bank has picked Citigroup, HSBC, the National Bank of Abu Dhabi (NBAD), Deutsche Bank, and Standard Chartered for the deal, which is expected to be at least $500 million in size.

Shaheen Pasha is Middle East Regional Editor at ALB. Follow us on Twitter: @ALB_TheBrief.

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