Emirates NBD postpones bond issue due to market conditions - sources | Reuters

Emirates NBD postpones bond issue due to market conditions - sources | Reuters:

Emirates NBD (ENBD), Dubai’s largest bank, has postponed a planned issue of U.S. dollar-denominated bonds due to challenging market conditions, sources close to the matter said.

The bank announced earlier this week that it intended to issue a Regulation S senior unsecured benchmark bond with a five-year maturity.

Benchmark bonds generally total more than $500 million. The paper would have been issued under ENBD’s $12.5 billion bond programme.