Emirates fixes coupon rate for NZ$100 million 2019 bond

Dubai: Emirates NBD has fixed a coupon rate of 6 per cent for the NZ$100 million bond maturing in October 2019.

“This represents the cheapest 5-year funding raised by Emirates NBD in the last 6 years. This issue lengthens the bank’s liabilities in a cost effective manner whilst diversifying the investor base,” said Shayne Nelson, group chief executive at Emirates NBD said.

ANZ and Deutsche Bank were the arrangers of the bond sale.