Emirates NBD issues 5-year USD 1b fixed rate bond

Dubai, March 26, 2012 (WAM) - Emirates NBD has priced a 5-year US$ 1 billion fixed rate bond. The US$1 billion issue was three times over-subscribed with orders received from 205 investors, according to a press release by Emirates NBD. The bond has a coupon of 4.625% and a reoffer price of 99.335 %. Good demand was seen from Asia (19%), GCC '&' Mena (49%) whilst Europe and other areas took 32% of the deal. This is the third public deal from Emirates NBD in 2012, following on from the US$ 500m sukuk issued in January and the CNY 1 billion issued earlier this month. - Emirates News Agency, WAM