Fri, Mar 27, 2015
A A A
Welcome kivanova2
RSS

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


 Article link

This post was written by:

VRS - who has written 15976 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
M T W T F S S
« Feb    
 1
2345678
9101112131415
16171819202122
23242526272829
3031