Dubai's Emirates NBD to raise $750mln in perpetual bonds -document

The bank is offering investors a 6.125% yield for the paper

  
FILE PHOTO: Emirates NBD bank is seen in Mall of Emirates in Dubai, United Arab Emirates, December 30, 2018. Image for illustrative purposes.

FILE PHOTO: Emirates NBD bank is seen in Mall of Emirates in Dubai, United Arab Emirates, December 30, 2018. Image for illustrative purposes.

REUTERS/ Hamad I Mohammed

DUBAI- Emirates NBD, Dubai's largest bank, is set to raise $750 million with perpetual bonds non-callable for six years, a document showed.

The bank is offering investors a 6.125% yield for the paper, which is similar to an equity instrument in that it has no maturity.

(Reporting by Davide Barbuscia; editing by Jason Neely) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))

More From Currencies