Published on 1/9/2007 in the Prospect News Emerging Markets Daily.
New Issue: Emirates Bank sells CHF 200 million 2009 notes at Libor plus 9 bps
By Reshmi Basu
New York, Jan. 9 - Emirates Bank International (A1/A) placed a CHF 200 million offering of two-year floating-rate notes at par to yield three-month Libor plus 9 basis points, according to a market source.
Deutsche Bank managed the sale.
Emirates Bank, based in Dubai, is the first bank in the United Arab Emirates.
| Issuer: | Emirates Bank International
|
| Amount: | CHF 200 million
|
| Issue: | Floating-rate notes
|
| Maturity: | Feb. 20, 2009
|
| Coupon: | Three-month Libor plus 9 bps
|
| Issue price: | Par
|
| Yield: | Three-month Libor plus 9 bps
|
| Pricing date: | Jan. 9
|
| Settlement date: | Feb. 20
|
| Lead manager: | Deutsche Bank
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
