Majid Al Futtaim has mandated banks to arrange a potential perpetual USD-denominated bond, a document from one of the banks showed on Monday. BNP Paribas, Citi, JPMorgan and Standard Chartered are the joint global coordinators and joint lead managers together with Emirates NBD Capital and First Abu Dhabi Bank. The potential subordinated perpetual bond will be non-callable for eight years and will be of benchmark size, which normally means upwards of USD500mn. Separately, Majid Al Futtaim on Monday sent an invitation to eligible holders of its USD500mn subordinated perpetual notes issued in 2013 to tender the notes for purchase by the issuer.