Tuesday, 5 January 2021

#Dubai's Emirates NBD hires banks for bond deal - document | Reuters

Dubai's Emirates NBD hires banks for bond deal - document | Reuters

Dubai’s largest bank, Emirates NBD, has mandated banks to arrange an investor call ahead of a planned issuance of U.S. dollar-denominated bonds, a document showed on Tuesday.

The bank hired Emirates NBD Capital, ICBC, ING, Mizuho Securities and Standard Chartered for the potential benchmark deal, which would have a five-year maturity, according to the document.

Benchmark bonds are generally meant to be at least $500 million in size.

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