Emirates NBD gives initial price guidance for 5-yr dollar bonds

Emirates NBD gives initial price guidance for 5-yr dollar bonds
The bonds are expected to be rated at A+ by Fitch
Emirates NBD EMIRATESNBD -0.25% 8.10 -0.02

Dubai – Mubasher: Emirates NBD on Tuesday announced that it gave the initial price guidance for five-year bonds.

“The bonds' price will be in the 140 basis points over mid-swaps area,” Reuters reported.  

Usually, benchmark bond issuances do not amount to less than $500 million, the news agency added.

The bonds are expected to be rated at A+ by Fitch and at A3 by Moody‘s. 

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Source: Mubasher

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