Dubai's Emirates sets initial talk in low-6% area for dollar benchmark perpetual notes

By Christine Van Dusen

Atlanta, May 21 - Dubai's Emirates NBD PJSC gave initial guidance in the low-6% area for its dollar-denominated offering of benchmark-sized perpetual notes, a market source said.

BofA Merrill Lynch, Deutsche Bank, Emirates NBD, HSBC, ING and Morgan Stanley are the bookrunners for the Regulation S deal.

Pricing is expected to take place as soon as Wednesday.

Emirates NBD is a provider of corporate, consumer, treasury and investment banking and asset management services.

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