New Issue: Dubai's Emirates NBD prices $1 billion 5¾% perpetual notes at par

By Christine Van Dusen

Atlanta, May 22 - Dubai's Emirates NBD sold $1 billion perpetual notes at par to yield 5¾%, a market source said.

BofA Merrill Lynch, Deutsche Bank, Emirates NBD, HSBC, ING and Morgan Stanley were the bookrunners for the Regulation S deal.

Emirates NBD is a provider of corporate, consumer, treasury and investment banking and asset management services.

Issuer:	Emirates NBD
Amount:	$1 billion
Maturity:	Perpetual
Description:	Notes
Bookrunners:	BofA Merrill Lynch, Deutsche Bank, Emirates NBD, HSBC, ING, Morgan Stanley
Coupon:	5¾%
Price:	Par
Yield:	5¾%
Trade date:	May 22
Distribution:	Regulation S
Price talk:	Low-6% area

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