Emirates NBD plans to issue Renminbi bonds

Dubai: Emirates NBD, the largest bank in the UAE by assets said on Monday, that it has mandated Emirates NBD Capital Limited, HSBC and Standard Chartered Bank to arrange investor meetings in Hong Kong and Singapore commencing on February 22.

The bank has plans to raise funds through a CNH (Offshore Chinese Renminbi)-denominated bond, under ENBD's $7,500m medium term notes (EMTN) programme.

The bank said the bond issue will be subject to market conditions.