by Megha Malhotra | Aug 25, 2021 | Financial Institutions, Perpetual Bonds
Moody’s has changed the outlook for long term bank deposits and senior unsecured ratings of Dubai based lender Emirates NBD (ENBD) to stable from negative. The rating agency affirmed the A3 long-term deposit ratings and A3 senior unsecured rating of Emirates NBD. It...
by bondevalue | May 21, 2021 | Financial Institutions, Perpetual Bonds
Emirates NBD raised $750mn via a Perpetual non-call 6Y (PerpNC6) AT1 bond at a yield of 4.25%, 25bp inside initial guidance of 4.5%. The bonds received orders over $1.7bn, 2.3x issue size. The coupons are fixed until the first reset date of May 27, 2027 and if not...
by bondevalue | Apr 21, 2021 | Investment Grade Bonds
Dubai’s banking major Emirates NBD reported a jump in net profits by 12% YoY and 76% QoQ to AED 2.32bn ($630mn). Total income stood at AED 6.16bn ($1.7bn), up 25% QoQ and 10% YoY. Emirates NBD mentioned that all business units delivered higher income as compared to...
