26 March 2012
Emirates NBD, on 21st March 2012, priced a 5-year US$ 1 billion fixed rate bond. The US$ 1 billion issue was three times over-subscribed with orders received from 205 investors. The bond has a coupon of 4.625% and a reoffer price of 99.335 %. Good demand was seen from Asia (19%), GCC & Mena (49%) whilst Europe and other areas took 32% of the deal. This is the third public deal from Emirates NBD in 2012, following on from the US$ 500m sukuk issued in January and the CNY 1 billion issued earlier this month. Rick Pudner, CEO, Emirates NBD commented: "We are delighted to successfully access the debt capital markets again this year with a US$ 1 billion 5-year benchmark deal. The issue was three times over-subscribed and we were pleased that over 200 investors placed orders. This deal follows two other successful public issues for the Group earlier this year".
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Disclaimer:
NASDAQ Dubai is not responsible for the content of issuer disclosures.
Emirates NBD, on 21st March 2012, priced a 5-year US$ 1 billion fixed rate bond. The US$ 1 billion issue was three times over-subscribed with orders received from 205 investors. The bond has a coupon of 4.625% and a reoffer price of 99.335 %. Good demand was seen from Asia (19%), GCC & Mena (49%) whilst Europe and other areas took 32% of the deal. This is the third public deal from Emirates NBD in 2012, following on from the US$ 500m sukuk issued in January and the CNY 1 billion issued earlier this month. Rick Pudner, CEO, Emirates NBD commented: "We are delighted to successfully access the debt capital markets again this year with a US$ 1 billion 5-year benchmark deal. The issue was three times over-subscribed and we were pleased that over 200 investors placed orders. This deal follows two other successful public issues for the Group earlier this year".
-Ends-
Disclaimer:
NASDAQ Dubai is not responsible for the content of issuer disclosures.
© Press Release 2012
