Dubai’s Emirates NBD to Boost Fees on $12 Billion Debt Deals - Bloomberg:
"Emirates NBD PJSC (EMIRATES), the United Arab Emirates’ biggest bank by assets, expects to raise more than $12 billion for clients in the remainder of the year, boosting investment banking income as the lender seeks expansion.
The Dubai government-controlled lender has mandates for about 20 bond and loan deals after helping raise $14.6 billion for clients in 23 such transactions so far this year, Giel-Jan Van Der Tol, the lender’s head of wholesale banking, said in an interview yesterday. The deals have an average size of about $500 million and there’s issuer interest from countries where customers invest in Shariah-compliant debt, he said."
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