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Monday, May 20, 2024  
11 Dhul-Qadah 1445  

Dubai's Emirates NBD to raise $750 million in perpetual bonds: document

DUBAI (Reuters) - Emirates NBD (ENBD.DU), Dubai’s largest bank, is set to raise $750 million with perpetual bonds...
FILE PHOTO
FILE PHOTO

DUBAI (Reuters) - Emirates NBD (ENBD.DU), Dubai’s largest bank, is set to raise $750 million with perpetual bonds non-callable for six years, a document showed.

The bank is offering investors a 6.125% yield for the paper, which is similar to an equity instrument in that it has no maturity.