Dubai-based Emirates NBD has appointed the UK’s HSBC, Standard Chartered, and its own investment banking division Emirates NBD Capital to arrange an offshore Chinese renminbi-denominated bond issue.

The bank said in a statement that it would conduct investor meetings in Hong and Singapore starting on the 22 February, and that a bond issued under the existing $7.5bn programme could follow, subject to market conditions.

The bank had just decided to delay plans to try and issue a bond denominated in Swiss francs after appointing France’s BNP Paribas and the Switzerland’s Credit Suisse to assess market conditions.