Dubai-Mubasher: Emirates NBD said that its shareholders approved a proposal to raise its euro medium-term note (EMTN) programme to $12.5 billion from $7.5 billion, according to the bank’s bourse filing on Wednesday.
In their meeting held on 15 February, the shareholders gave the go-ahead to issue debt on a standalone basis through the issuance of conventional notes, structured notes or other debt funding.
The shareholders also gave a nod to establish any debt programme similar to the EMTN programme, the structured note programme or the AUD programme.
The bank’s stock rose 2.6% or 7.510 after trading 358,000 shares through 16 transactions, with turnover of AED 2.7 million.
