Home UAE Dubai Emirates NBD Sets Initial Price Thoughts On Tier 1 Perpetual Bond The U.S. dollar transaction, will be of benchmark size – traditionally understood to mean worth upwards of $500 million. by Reuters September 9, 2014 Emirates NBD (ENBD), Dubai’s largest lender, has set initial price thoughts in the mid-six per cent area for its Tier 1 capital-boosting bond issue, a document from lead managers showed on Tuesday. The U.S. dollar transaction, which has a perpetual tenor but can be bought back by the lender after the sixth year, will be of benchmark size – traditionally understood to mean worth upwards of $500 million. Emirates NBD, rated Baa1 by Moody’s and A-plus by Fitch, had chosen Citigroup, Commerzbank, Deutsche Bank , Morgan Stanley, Standard Chartered and its own investment banking arm to arrange investor meetings. 0 Comments