February 1, 2018 / 5:02 AM / a year 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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below