February 1, 2018 / 5:02 AM / 3 months ago

Dubai's Emirates NBD issues A$450 mln Kangaroo bond

DUBAI, Feb 1 (Reuters) - Emirates NBD, Dubai’s largest bank, has priced a A$450 million ($362.03 million) 10-year bond, part of a A$1.5 billion so-called Kangaroo bond programme, a document by one of the banks leading the deal showed on Thursday.

Australia and New Zealand Banking Group, Nomura and Emirates NBD Capital arranged the issue, which has a 4.75 percent coupon.

This is the latest in a number of debt issuances in alternative markets by the bank, which has recently completed a $285 million Formosa bond - notes sold in Taiwan by foreign issuers in currencies other than Taiwanese dollars – and plans a new issuance denominated in Singapore dollars. ($1 = 1.2430 Australian dollars) (Reporting by Davide Barbuscia; Editing by Subhranshu Sahu)

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