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Emirates NBD launched a $1 billion core capital-boosting bond on Wednesday, amid healthy demand, allowing the Dubai lender to tighten earlier price guidance.
The Tier 1 bond launched at a final yield of 5.75 percent, tighter than the 6 percent indicated earlier in the day.
Pricing is due later on Wednesday.
Bank of America Merrill Lynch, Deutsche Bank , HSBC Holdings, ING, Morgan Stanley as well as Emirates NBD’s investment banking unit are mandated arrangers on the bond.
Reuters
