Published on 3/21/2012 in the Prospect News Emerging Markets Daily.
New Issue: Emirates NBD prices $1 billion 4 5/8% notes due 2017 at 362 bps spread
By Aleesia Forni
Columbus, Ohio, March 21 - Emirates NBD PJSC priced a $1 billion issue of 4 5/8% senior unsecured notes (A3//A+) due 2017 at Treasuries plus 362 basis points, a portfolio manager said on Wednesday.
The notes priced at 99.335 to yield 4.776%.
Bank of America Merrill Lynch, Deutsche Bank, Emirates NBD, HSBC and National Bank of Abu Dhabi were the bookrunners.
| Issuer: | Emirates NBD PJSC
|
| Amount: | $1 billion
|
| Maturity: | March 28, 2017
|
| Securities: | Senior unsecured notes
|
| Bookrunners: | Bank of America Merrill Lynch, Deutsche Bank, Emirates NBD, HSBC Bank plc, National Bank of Abu Dhabi
|
| Coupon: | 4 5/8%
|
| Price: | 99.335
|
| Yield: | 4.776%
|
| Spread: | Treasuries plus 362 bps
|
| Trade date: | March 21
|
| Settlement date: | March 28
|
| Ratings: | Moody's: A3
|
| Fitch: A+
|
| Format | Euro medium-term notes program
|
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