Advertisement
| 07 November, 2017

Dubai's Emirates NBD launches $750mln five-year bond

ENBD Capital, HSBC, Nomura, Societe Generale and Standard Chartered Bank are joint bookrunners on the bond issue.

The building of Emirates NBD headquarters (R) is seen in Dubai June 18, 2013.Picture taken June 18, 2013.

The building of Emirates NBD headquarters (R) is seen in Dubai June 18, 2013.Picture taken June 18, 2013.

REUTERS/Jumana El Heloueh
DUBAI- Emirates NBD , Dubai's largest bank, launched a $750 million five-year bond at 125 basis points (bps) over mid-swaps, a document from one of the banks leading the deal showed on Tuesday.

Initial price guidance for the senior unsecured Regulation S bond was in the 140 bps over mid-swaps area earlier on Tuesday and tightened by 10 bps as the deal was marketed, attracting more than $1.4 billion in orders.

ENBD Capital, HSBC, Nomura, Societe Generale and Standard Chartered Bank are joint bookrunners on the bond issue, which is expected to be rated A+ by Fitch and A3 by Moody's.





Advertisement
(Reporting by Davide Barbuscia; Editing by David Goodman) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))