Emirates NBD (ENBD), Dubai's largest bank by market value, has opted to delay a potential Swiss franc-denominated bond sale until more favourable market conditions, two sources familiar with the matter said.
The lender had appointed Credit Suisse and BNP Paribas to assess a potential Swiss bond sale, sources told Reuters last week.
"The bank has decided against it," one ENBD source said, speaking on condition of anonymity. "The timing is not right," the source said, adding the lender could tap the market at a later stage.
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