| 01.07.2009 - Emirates NBD raises $1.1bln through majority holder |
| From Tradearabia.com: Dubai-based lender Emirates NBD on Tuesday said it raised 4 billion dirhams ($1.09 billion) by issuing debt securities to the bank's majority shareholder, the Investment Corporation of Dubai (ICD). The Gulf region's largest bank by assets said the 4 billion dirhams in debt securities will lift its tier 1 ratio - a measure to assess a bank's financial strength - to more than 11 percent.........Full Article: Source |