Emirates NBD picks banks to arrange new US$ 7.5b programme

Dubai, March 22, 2012 (WAM) - Emirates NBD PJSC on Wednesday said it had mandated Bank of America, Merrill Lynch, Deutsche Bank, Emirates NBD Capital, HSBC and NBAD, as joint lead managers and joint bookrunners for its upcoming US Dollar Regulation S transaction, under Emirates NBD's USD 7,500MN EMTN Programme. "The issue is expected to be launched in the near future subject to market conditions. ICMA/FSA Stabilisation", Emirates NBD said in an emailed press release. Emirates NBD PJSC is rated A3 by Moody's and A+ by Fitch and is the largest bank in the UAE by assets. - Emirates News Agency, WAM