The National Bank of Fujairah (NBF), which counts the emirate’s Government and Dubai’s sovereign wealth fund as shareholders, is looking to raise USD350mn (AED1.3bn) from the capital markets this year, to fund its growth and digitization plans. The bank wants to tap the debt capital markets for the tier-1 issue, which will boost its capital, said Vince Cook, CEO of NBF. The lender, which has already converted an earlier tier-1 capital bond into equity and paid a tier-2 tranche in November, is awaiting the right time to place the issue in the market.