(Bloomberg) -- First Gulf Bank PJSC, a United Arab
Emirates-based lender, delayed indefinitely a plan to sell as
much as $3.5 billion of bonds, citing adverse market conditions.
``We're postponing for some time because we don't believe
pricing will meet our expectations in the current market
conditions,'' Karim Karawi, First Gulf's chief financial officer,
said in a phone interview from Abu Dhabi today. ``We're not in a
hurry,'' he said, declining to elaborate.
Read more at Bloomberg Bonds News
Emirates-based lender, delayed indefinitely a plan to sell as
much as $3.5 billion of bonds, citing adverse market conditions.
``We're postponing for some time because we don't believe
pricing will meet our expectations in the current market
conditions,'' Karim Karawi, First Gulf's chief financial officer,
said in a phone interview from Abu Dhabi today. ``We're not in a
hurry,'' he said, declining to elaborate.
Read more at Bloomberg Bonds News
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