Dubai lender ENBD eyes bond sale to repay govt funds - sources

DUBAI, March 10 Sun Mar 10, 2013 5:12am EDT

DUBAI, March 10 (Reuters) - Emirates NBD (ENBD), Dubai's largest lender, has hired six banks to help arrange a benchmark-sized subordinated bond sale, four sources familiar with the plan said, as it seeks to reduce government support for its capital ratios.

ENBD has hired HSBC Holdings, National Bank of Abu Dhabi, Citigroup, J.P. Morgan Chase, Societe Generale and itself for the planned sale, two of the sources said, speaking on condition of anonymity as the matter is not public.

ENBD declined to comment.

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