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Dubai lender Mashreqbank hires banks for dollar bonds

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Mashreq plans to increase lending to small businesses and provide consumer loans to low-income households

Dubai lender Mashreqbank has hired banks to arrange the sale of US dollar-denominated Additional Tier 1 bonds, a document showed on Monday.

It mandated BofA Securities, Citi, Emirates NBD, JPMorgan, Mashreq, Societe Generale and Standard Chartered Bank to arrange a global investor call and a series of fixed income investor calls, the document said.