DUBAI: Emirates NBD (ENBD), Dubai's largest lender, launched a $500 million, Tier 1 capital-boosting bond at 6.375 percent, a document from lead managers said.
Pricing guidance for the perpetual bond had been given in the area of 6.5 percent earlier on Wednesday.
The order book closed in excess of $1.3 billion. Allocations and pricing were to occur later on Wednesday afternoon.
Citigroup, Commerzbank, Deutsche Bank, Morgan Stanley, Standard Chartered and Emirates NBD's own investment banking arm were arranging the sale. (Reuters)
