By Aleesia Forni
Columbus, Ohio, March 8 - Emirates NBD PJSC priced a RMB 750 million issue of 4 7/8% fixed-rate notes (A3/A+/) due 2015 at par on Thursday, according to a syndicate source.
The yield printed at the tight end of the 4 7/8% to 5% final guidance. Initial guidance called for a yield in the 5% area.
Emirates NBD Capital, HSBC Bank plc and Standard Chartered Bank were the bookrunners.
The notes were issued under the bank's $7.5 billion euro medium-term note program.
Based in Dubai, United Arab Emirates, Emirates NBD provides corporate, consumer, treasury and investment banking and asset management services.
| Issuer: | Emirates NBD PJSC
|
| Amount: | RMB 750 million
|
| Maturity: | March 12, 2015
|
| Securities: | Fixed-rate notes
|
| Bookrunners: | Emirates NBC Capital, HSBC Bank plc, Standard Chartered Bank
|
| Coupon: | 4 7/8%
|
| Price: | Par
|
| Yield: | 4 7/8%
|
| Trade date: | March 8
|
| Settlement date: | March 13
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A+
|
| Format: | Euro medium-term notes program
|
| Price talk: | 4 7/8% to 5%, revised from 5% area
|
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