Emirates NBD, the UAE's largest bank by assets, yesterday announced full settlement of $750 million (Dh2.76 billion) tier 1 notes (bonds) that are due to mature this year.
The full payment to the bondholders means that the bank has met most of its Dh3.017 billion debt obligations maturing this year.
Following the announcement of the third quarter results, Rick Pudner, chief executive of Emirates NBD told reporters that the bank's debt maturity profile is well within its funding capacity.
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