Dubai – Mubasher: Emirates NBD has issued an Australian dollar-denominated bond as part of an AUD 1.5 billion ($1.21 billion) so-called Kangaroo programme, according to a document by one of the banks arranging the deal.
Australia and New Zealand Banking Group, Nomura and Emirates NBD Capital are managing the issue, Reuters reported.
Subscription orders have exceeded AUD 200 million before launching the bond, according to the news agency.
The bond has a 4.75% indicative annual coupon and is projected to be priced on 1 February.
