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Emirates NBD plans to raise $250mln

Posted on 27 July 2010

From Gulfnews.com: Emirates NBD is in the process of raising $250 million (Dh919.5 million) from international financial markets through auto loan securitisation.
“This is the first of its kind securitisation deal in the region where we are bundling our auto loan portfolio to raise funds at internationally competitive rates. The securitisation deals form part of our efforts to augment our medium term funding,” Rick Pudner, Chief Executive Officer of Emirates NBD, said yesterday………………………………………..Full Article: Source

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