Emirates NBD issues 5-year $1 billion bond
Dubai - Arabstoday
Emirate NBD announced on Sunday that its 5-year $1 billion fixed-rate bond issue was three times over-subscribed with orders received from 205 investors. The bond has a coupon of 4.625 per cent and a reoffer price of 99.335 per cent. The bank said demand was seen from Asia (19 per cent), GCC & Mena (49 per cent ) whilst Europe and other areas took 32 per cen t of the deal. This is the third public deal from Emirates NBD in 2012, following one from the $500 million sukuk issued in January and the CNY 1 billion issued earlier this month.
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