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Dubai's Emirates NBD issues A$450 mln Kangaroo bond

Published 01/02/2018, 03:59 pm
Updated 01/02/2018, 04:00 pm
© Reuters.  Dubai's Emirates NBD issues A$450 mln Kangaroo bond
ENBD
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DUBAI, Feb 1 (Reuters) - Emirates NBD ENBD.DU , Dubai's largest bank, has priced a A$450 million ($362.03 million) 10-year bond, part of a A$1.5 billion so-called Kangaroo bond programme, a document by one of the banks leading the deal showed on Thursday.

Australia and New Zealand Banking Group, Nomura and Emirates NBD Capital arranged the issue, which has a 4.75 percent coupon.

This is the latest in a number of debt issuances in alternative markets by the bank, which has recently completed a $285 million Formosa bond - notes sold in Taiwan by foreign issuers in currencies other than Taiwanese dollars - and plans a new issuance denominated in Singapore dollars. ($1 = 1.2430 Australian dollars)

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