Dubai – Mubasher: Emirates NBD has hired banks to arrange for an investor call prior to a planned issuance of US dollar-denominated bonds, which would have a five-year maturity, Reuters reported.

The mandated banks comprise Emirates NBD Capital, ICBC, ING, Mizuho Securities, and Standard Chartered which would prepare for the potential benchmark deal, according to a cited document.

Benchmark bonds are valued at least $500 million in size.

It is noteworthy to mention that during the first nine months of 2020, the net profits of Emirates NBD declined by 55% to AED 5.64 billion, compared to AED 12.48 billion in the same period of 2019.