Emirates NBD (ENBD) has priced a $1.5 billion five-year senior unsecured bond at a yield of 5.125%. Book size details of the private placement benchmark–sized transaction were not disclosed.  Emirates NBD and JPMorgan acted as joint bookrunners.

The issuance is rated A1 by Moody’s, and A+ by Fitch.

(Writing by Ahmad Mousa; editing by Seban Scaria)
Ahmad.mousa@lseg.com