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Emirates NBD launches Dh1b 3-year bond

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The senior, unsecured bond received more than Dh1.65 billion in orders and was launched at 5.125 per cent.

The senior, unsecured bond received more than Dh1.65 billion in orders and was launched at 5.125 per cent.

Emirates NBD, Dubai’s biggest lender, launched a Dh1 billion ($272 million) three-year bond on Thursday, according to a document seen by Reuters.

Published: Thu 5 Jan 2023, 5:40 PM

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  • Reuters

The senior, unsecured bond received more than Dh1.65 billion in orders and was launched at 5.125 per cent. It is expected to price at par later in the day.

Abu Dhabi Commercial Bank, Emirates NBD Capital, HSBC and Industrial and Commercial Bank of China Limited (ICBC) were joint lead managers and joint bookrunners for the local-currency issue. — Reuters



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