Dubai’s Emirates NBD launches $750 million five-year notes at mid-swaps plus 125 bps

By Rebecca Melvin

New York, Nov. 7 – Dubai’s Emirates NBD PJSC plans to price $750 million five-year notes (expected rating: A3//A+), which were talked at a yield spread of mid-swaps plus 125 basis points, according to a market source on Tuesday.

Pricing was tightened from initial talk in the area of mid-swaps plus 140 bps.

The Regulation S senior unsecured notes are being marketed by ENBD Capital, HSBC, Nomura, Societe Generale and Standard Chartered Bank as joint bookrunners.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.