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ENBD gets $3bln in bids for new bond

Posted on 23 March 2012

Emirates NBD’s new $1 billion dollar bond sale reportedly received $3 billion in bids from investors on Thursday. Two weeks ago, the bank, the UAE biggest by assets, received overwhelming response to its yuan bond sale, the first by a Middle East bank.
In January this year, Emirates NBD’s Islamic subsidiary EIB sold a $500 million sukuk. The sukuks were priced to yield 350 basis points over the mid-swap rate………………………………………..Full Article: Source

 
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