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Sovereign Wealth Funds Briefing - Categorized | Investment

Investment Corporation of Dubai invests $1bln in Emirates NBD

Posted on 02 July 2009

From Banking-business-review.com: Emirates NBD has issued AED4 billion Tier 1 Debt Securities. These securities would enable the Bank’s Tier 1 capital adequacy ratio to exceed 11%, and the overall capital ratio to exceed 17%. The sole investor for this issue is the Investment Corporation of Dubai.

The securities have a fixed rate coupon of 6.45% for the first five years, before becoming floating rate. The UAE Central Bank has confirmed Tier 1 Capital status for Capital Adequacy purposes………Full Article: Source


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