Emirates NBD set to announce bond pricing

Dubai: Emirates NBD was supposed to price a bond offering denominated in New Zealand dollars on Monday.

Dubai’s largest lender has set initial price thoughts for the 100 million New Zealand dollar ($77.6 million or Dh288.67 million) issue of five years duration at 165 basis points over New Zealand midswaps, the document showed.

ANZ and Deutsche Bank have been picked to arrange the bond sale, which was supposed to price during London business hours.