By Rebecca Melvin
New York, Jan. 29 – Dubai’s Emirates NBD PJSC priced CHF 235 million of five-year senior notes with a 5/8% coupon at 100.012 on Monday to yield 0.623%, or mid-swaps plus 60 basis points, according to a market source.
The Regulation S offering was sold via joint lead managers and bookrunners BNP Paribas, Deutsche Bank and HSBC.
A listing on the SIX Swiss Exchange is expected.
Emirates NBD is a provider of corporate, consumer, treasury and investment banking and asset management services.
| Issuer: | Emirates NBD PJSC
|
| Issue: | Senior notes
|
| Amount: | CHF 235 million
|
| Maturity: | Feb. 9, 2023
|
| Bookrunners: | BNP Paribas, Deutsche Bank and HSBC
|
| Coupon: | 5/8%
|
| Price: | 100.012
|
| Yield: | 0.623%
|
| Spread: | Mid-swaps plus 60 bps
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 9
|
| Issuer ratings: | Moody’s: A3
|
| Fitch: A+
|
| Distribution: | Regulation S
|
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