Dubai – Mubasher: Emirates NBD has named a slew of banks to arrange meetings with fixed income investors ahead of its planned issue of US dollar-denominated bonds.
Dubai’s largest bank hired BNP Paribas, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Nomura and Standard Chartered Bank to arrange the bond sale, Reuters reported on Thursday.
The potential bond issue will not be less than $500 million, and there will be an additional tier 1 perpetual bond not callable for six years, the London-based news agency added.
Emirates NBD’s stock fell to close at AED 9.25 on Thursday.
