Emirates prints $1bn five year with ease
Emirates NBD printed a $1bn five year deal with a minimal new issue premium and minimum of fuss on Wednesday, enjoying smooth execution and a strong secondary performance.
Bank of America Merrill Lynch, BNP Paribas, Emirates NBD, HSBC and Standard Chartered Bank arranged the deal.
The leads set initial price thoughts for the dollar benchmark five year bond at 165bp over mid-swaps on Tuesday. On Wednesday morning this became final guidance of 150bp-155bp with books over $3bn. ...Already a subscriber? Login
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