Emirates NBD Bank launches $750 million five-year bond to yield mid-swaps plus 115 bps

By Rebecca Melvin

New York, Jan. 6 – Emirates NBD Bank PJSC launched a $750 million five-year bond on Wednesday to yield 115 basis points over mid-swaps, according to a market source.

Pricing came at the tight end of revised guidance for a yield of mid-swaps plus 115 bps to 120 bps.

The order book was in excess of $2.2 billion at the time the deal was launched.

Emirates NBD Capital, ICBC, ING, Mizuho Securities and Standard Chartered are bookrunners for the Regulation S deal.

The lender is based in Dubai.

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