Emirates NBD issues NZ$100m fixed rate notes

Emirates NBD has successfully issued New Zealand Dollar 100 million Fixed Rate Notes, maturing in October 2019, from their US$7,500 million Euro Medium Term Note Programme.

The senior notes are rated Baa1 by Moody’s and A+ by Fitch and pay a fixed rate coupon of 6.00 per cent. ANZ and Deutsche Bank were joint lead managers on the transaction.

Shayne Nelson, Emirates NBD Group CEO said, "We are pleased that Emirates NBD is the first Middle East based institution to issue a public note in the New Zealand Dollar market. "

"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," he added.



 

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