Home UAE Dubai Dubai’s ENBD Sets Pricing For $500m 5-yr Bond At Midswaps Plus 150 bps The size of the issue was capped at $500 million and books exceeded $650 million with more accounts to respond. by Reuters April 29, 2015 Dubai’s largest bank, Emirates NBD (ENBD), set pricing for a five-year, Regulation S-compliant benchmark U.S. dollar bond issue at 150 basis points over midswaps, a document from lead managers showed on Wednesday. The size of the issue was capped at $500 million and books exceeded $650 million with more accounts to respond. ENBD had set initial price thoughts for the issue in the 150 bps area over midswaps. Rated Baa1/A+ by Moody’s and Fitch, ENBD mandated HSBC, Morgan Stanley, Standard Chartered Bank and itself as bookrunners for the senior unsecured issue. 0 Comments