By Christine Van Dusen
Atlanta, March 25 - Dubai's Emirates NBD PJSC printed $750 million 10-year notes (Baa1//A+) at par to yield 4 7/8%, or mid-swaps plus 389.8 basis points, a market source said.
The notes were talked at a yield in the 5% area.
Citigroup, Emirates NBD Capital, HSBC, JPMorgan, Societe Generale CIB and Standard Chartered Bank were the bookrunners for the Regulation S deal.
The notes are non-callable for five years.
Emirates NBD is a provider of corporate, consumer, treasury and investment banking and asset management services.
| Issuer: | Emirates NBD PJSC
|
| Amount: | $750 million
|
| Maturity: | March 28, 2023
|
| Description: | Notes
|
| Bookrunners: | Citigroup, Emirates NBD Capital, HSBC, JPMorgan, Societe Generale CIB, Standard Chartered Bank
|
| Coupon: | 4 7/8%
|
| Price: | Par
|
| Yield: | 4 7/8%
|
| Spread: | Mid-swaps plus 389.8 bps
|
| Call features: | Non-callable for five years
|
| Trade date: | March 25
|
| Settlement date: | March 28
|
| Ratings: | Moody's: Baa1
|
| Fitch: A+
|
| Distribution: | Regulation S
|
| Price talk: | 5% area
|
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