Dubai – Mubasher: Emirates NBD announced that it will pay a bond coupon distribution for the period of 10 May to 19 November.

The distributions will be paid at a coupon rate of 3.25% for the aforementioned 180-day period, Dubai's biggest lender said in a statement to Nasdaq Dubai.

The distribution will be paid to noteholders on 18 November, the bank added. The value of the bonds and the maturity date were not mentioned in the statement.

Emirates NBD, listed on the Dubai Financial Market (DFM), previously reported a 16% year-on-year rise in profits for the third quarter of 2018, recording AED 2.638 billion, versus AED 2.275 billion.