Arab Bank for Investment & Foreign Trade (Al Masraf), the UAE’s sole federal commercial bank, has mandated banks to conduct a series of investor calls and meetings beginning Friday, 16 January 2026, in preparation for a potential debut US dollar-denominated Reg S benchmark bond issuance.
The bank, which is 60% owned by the UAE federal government through the Emirates Investment Authority and carries an A (Stable) rating from Fitch, has appointed Emirates NBD Capital, First Abu Dhabi Bank, Mashreq, and Standard Chartered Bank as joint global coordinators. RAKBANK has been named joint lead manager and joint bookrunner.
Subject to prevailing market conditions, Al Masraf is expected to proceed with a debut five-year senior unsecured fixed-rate Reg S bond under its US$5 billion Euro Medium Term Note (EMTN) Programme. The notes are anticipated to be issued in line with the bank’s existing credit ratings.
Net proceeds from the transaction will be allocated towards general corporate purposes.
The issuance will be executed in accordance with FCA and ICMA stabilisation guidelines.
The bonds are intended to be listed on the London Stock Exchange’s International Securities Market and Nasdaq Dubai.
