Emirates NBD Bank sets banks, roadshow for perpetual notes add-on

By Rebecca Melvin

New York, March 7 – Emirates NBD Bank PJSC announced that it plans to offer additional Tier 1 perpetual notes via a syndicate of banks and to hold roadshow meetings to market the deal, according to a syndicate source on Thursday.

The notes are non-callable for six years.

HSBC, Standard Chartered Bank, BNP Paribas, Emirates NBD Capital, First Abu Dhabi Bank and Nomura are joint lead managers and bookrunners of the Regulation S notes.

Fixed-income investor meetings will be held in Europe and Asia commencing on March 11.

The lender is 55.8% owned by the government of Dubai and is one of the largest banking groups by assets in the Gulf Cooperation Council.

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