Moody’s Expect Emirates NBD to Roar Back to Pre-Pandemic Profitability by 2022
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...
Emirates NBD Raises $750mn Via AT1 at 4.25%
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...
