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Emirates NBD appoints Standard Chartered to lead Formosa bond issue

Emirates NBD appoints Standard Chartered to lead Formosa bond issue
Dubai's largest lender may set the deal’s price in the coming days
Emirates NBD
EMIRATESNBD
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Dubai – Mubasher: Emirates NBD bank on Thursday appointed Standard Chartered and other banks to lead a Formosa bond issue, some informed sources told Reuters.

The potential deal will be the bank’s first public Formosa bond issue, Reuters reported, adding that an informed source had stated that the issue would be estimated at a range of $400 million.

Dubai's largest lender may set the deal’s price in the coming days, the international news agency commented.

“Formosa bonds are sold in Taiwan by foreign issuers and are denominated in currencies other than the Taiwanese dollar,” Reuters concluded.