Emirates NBD plans new five-year dollar bond

22 March 2012

Dubai's largest lender by market value, Emirates NBD has selected banks to arrange a new five-year dollar bond which could price, Reuters has reported, citing lead managers. Emirates NBD has mandated HSBC, Deutsche Bank , Bank of America, National Bank of Abu Dhabi and itself as joint arrangers and bookrunners on the deal. The issue would be Emirates NBD's third tap of global debt markets this year. Its Islamic subsidiary EIB sold a $500m sukuk in January followed by the bank's one billion yuan issue earlier this month, the first for a regional borrower.

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