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DUBAI - Emirates NBD, Dubai's largest bank, sold A$700 million ($468.51 million) in "kangaroo" bonds with a 10-year maturity, a document showed on Wednesday.
The bonds offer a 3.05% coupon and were priced with a 3.115% yield, according to the document.
Kangaroo bonds are issued by non-Australian issuers in the Australian market and are denominated in Australian dollars.
Emirates NBD, rated A3 by Moody's and A+ by Fitch, hired ANZ, Emirates NBD Capital, Mizuho and Nomura to arrange the deal, which is part of Emirates NBD's A$4 billion debt issuance programme.
($1 = 1.4941 Australian dollars)
(Reporting by Yousef Saba Editing by Shri Navaratnam) ((Yousef.Saba@thomsonreuters.com; +971562166204))