Emirates NBD to issue 3-year AED-denominated bonds

DUBAI, UNITED ARAB EMIRATES - JANUARY 03: General view of Emirates NBD Bank on January 3, 2017 in Dubai, United Arab Emirates. (Photo by Tom Dulat/Getty Images)
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The new bond sale comes under the $20 billion medium-term notes program

Staff Writer, Arab Finance

January 5, 2023

PHOTO
DUBAI, UNITED ARAB EMIRATES - JANUARY 03: General view of Emirates NBD Bank on January 3, 2017 in Dubai, United Arab Emirates. (Photo by Tom Dulat/Getty Images)

Arab Finance: Emirates NBD is planning to issue AED-denominated bonds for three years, Reuters reported on January 3^rd, citing a document by Dubai’s largest lender.

The leading bank has appointed a number of banks, namely Abu Dhabi Commercial Bank (ADCB), Emirates NBD Capital, HSBC, and Industrial and Commercial Bank of China Limited (ICBC), to act as joint lead managers and joint bookrunners for the new issuance.

The new bond sale comes under the $20 billion medium-term notes program.

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