Published on 7/22/2016 in the Prospect News Emerging Markets Daily.
New Issue: Dubai’s Emirates NBD prices $500 million 3˝-year notes at Libor plus 155 bps
By Paul A. Harris
Portland, Ore., July 22 – Dubai’s Emirates NBD (A3//A+) priced a $500 million issue of 3˝-year senior floating-rate notes at par to yield Libor plus 155 basis points on Friday, according to a market source.
Standard Chartered Bank was the bookrunner.
Emirates NBD is a provider of corporate, consumer, treasury and investment banking and asset management services.
| Issuer: | Emirates NBD
|
| Amount: | $500 million
|
| Maturity: | Jan. 26, 2020
|
| Securities: | Senior notes
|
| Bookrunner: | Standard Chartered
|
| Coupon: | Libor plus 155 bps
|
| Price: | Par
|
| Yield: | Libor plus 155 bps
|
| Trade date: | July 22
|
| Settlement date: | July 26
|
| Issuer ratings: | Moody's: A3
|
| Fitch A+
|
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