Published on 3/16/2015 in the Prospect News Emerging Markets Daily.
New Issue: Dubai’s Emirates NBD sells €550 million 1¾% notes due 2023 at 135 bps over mid-swaps
By Christine Van Dusen
Atlanta, March 16 – Dubai’s Emirates NBD sold €550 million 1¾% eight-year notes at 99.824 to yield mid-swaps plus 135 basis points, a market source said.
The notes were talked at a spread of mid-swaps plus 140 bps to 150 bps.
BofA Merrill Lynch, BNP Paribas, Deutsche Bank, Emirates NDB Capital, HSBC and ING 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: | €550 million
|
| Maturity: | March 23, 2023
|
| Description: | Notes
|
| Bookrunners: | BofA Merrill Lynch, BNP Paribas, Deutsche Bank, Emirates NDB Capital, HSBC, ING
|
| Coupon: | 1¾%
|
| Price: | 99.824
|
| Spread: | Mid-swaps plus 135 bps
|
| Trade date: | March 16
|
| Settlement date: | March 23
|
| Distribution: | Regulation S
|
| Price talk: | Mid-swaps plus 140 bps to 150 bps
|
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