Bank Emirates NBD will exchange $1 billion medium term bonds for shorter term bonds in an effort to boost its regulatory capital ratios, the bank said on Thursday.
The bank will exchange bonds issued in 2006 that mature in 2016 and which are trading below face value for shorter term bonds that mature in 2012 in a move to strengthen its balance sheet.
'From this transaction, we can improve our Tier 1 Capital position while investors are in higher value security,' said chief executive Rick Pudner in a statement.
so who is are the counterparty(ies)?
ReplyDeleteYou wonder about this one, and I will wonder about the 18 banks for DEWA!
ReplyDeleteMy white stick is available, or would you prefer my guide dog?
Stupid me, these pre-date merger, so to actually discover, need to go to DFM archives, if they exist, for Annual Reports of both entities!
ReplyDeleteEnjoy your weekend.
Why not put an "all patrols alert" on your site, the folks seem knowledgeable?!
ReplyDeleteCharles Neil may respond!