Emirates NBD starts marketing perpetual dollar bond | ZAWYA MENA Edition

Emirates NBD starts marketing perpetual dollar bond | ZAWYA MENA Edition:

Emirates NBD , Dubai's largest bank, started marketing U.S. dollar-denominated bonds with an initial price guidance in the range of 6.375 percent and 6.5 percent, a document from one of the banks leading the deal showed on Wednesday.

The bank has mandated BNP Paribas, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Nomura and Standard Chartered Bank to arrange the issue.

The planned deal would be of benchmark size, which generally means at least $500 million, and will be an Additional Tier 1 perpetual bond not callable for six years.