Abu Dhabi Commercial Bank picks banks for bond issue - sources

DUBAI Mon Jan 28, 2013 2:29am EST

DUBAI Jan 28 (Reuters) - Abu Dhabi Commercial Bank , the United Arab Emirates' third largest lender by market value, has picked five banks for a conventional bond issue, two sources familiar with the matter said on Monday.

The lender has chosen itself, JP Morgan Chase, ING , Royal Bank of Scotland and Standard Chartered to arrange the offering, the sources said, speaking on condition of anonymity because the information is not public.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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