DUBAI - Kuwait's Boubyan Bank has hired a group of banks to arrange a planned issuance of U.S. dollar-denominated perpetual sukuk, or Islamic bonds, a document showed on Monday.

Citi, NBK Capital, Standard Chartered, Abu Dhabi Islamic Bank, Boubyan Capital, Emirates NBD Capital, Kamco Invest, Kuwait International Bank and KFH Capital will arrange investor calls  starting on Monday, the document from of the banks showed.

An issuance of Tier 1 sukuk that are non-callable for six years will follow, subject to market conditions.

Boubyan Bank also announced an offer for holders of outstanding $250 million perpetual notes to tender them for cash. Citi, Standard Chartered and NBK Capital are dealer managers for that offer, which expires on March 29, the document showed.

(Reporting by Yousef Saba; editing by Barbara Lewis) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))