Published on 5/24/2016 in the Prospect News Emerging Markets Daily.
New Issue: Dubai’s Emirates Islamic Bank prices $750 million 3.542% notes due 2021 at par
By Christine Van Dusen
Atlanta, May 24 – Dubai-based lender Emirates Islamic Bank priced $750 million five-year notes at par to yield 3.542% on Monday, a market source said.
HSBC, Standard Chartered, Emirates NBD, Dubai Islamic Bank, Noor Bank and Bank ABC are the bookrunners for the Regulation S sukuk.
| Issuer: | Emirates Islamic Bank
|
| Amount: | $750 million
|
| Maturity: | May 31, 2021
|
| Description: | Sukuk
|
| Bookrunners: | HSBC, Standard Chartered, Emirates NBD, Dubai Islamic Bank, Noor Bank, Bank ABC
|
| Coupon: | 3.542%
|
| Price: | Par
|
| Yield: | 3.542%
|
| Trade date: | May 23
|
| Settlement date: | May 31
|
| Distribution: | Regulation S
|
© 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.
