Dubai-based Bank Targets International Investors with Latest Offering.
Emirates NBD, one of the leading banking groups in the Middle East, announced the pricing of its senior unsecured five-year notes, due to be listed on the Taipei Stock Exchange. This strategic move showcased the bank’s continued efforts to expand its presence in international capital markets and attract a diverse pool of investors.
PC: Zawya
January 22, 2025 will serve as the settlement date. It would have maturity falling due on 22nd of January 2030. Guidance regarding the prices was concluded and based on that the competitive deals are priced off with SOFR -plus 110 basis points of the Secured Overnight Financing Rate.
The size of the offering is yet to be determined, although the structure of the issuance has been designed with institutional investors in mind. The notes will be issued in denominations of $200,000, with incremental multiples above $1,000. Coupon payments will be made quarterly in arrears and will be on April 22, 2025.
The transaction involved the appointment of Australian and New Zealand Banking Group Limited (ANZ), Taipei, and Standard Chartered Taiwan as joint managers. This therefore underlines internationalism in its issuance. As such, there is Emirates NBD Capital-an investment banking entity of Emirates NBD, functioning as the structuring agent, by which the groups are demonstrating technical know-how that enables them in executing complex deals.
The listing on the Taipei Stock Exchange reflects Emirates NBD’s commitment to tapping into new markets and broadening its funding sources. Taiwan’s capital market has become an attractive destination for issuers seeking to raise funds due to its strong investor base and favorable regulatory environment.
This latest issuance aligns with Emirates NBD’s broader strategy to strengthen its global presence and maintain financial flexibility. By diversifying its funding channels, the bank ensures greater resilience and competitiveness in the evolving financial landscape.
The fact that the prominent institutions, ANZ and Standard Chartered Taiwan, are joining as part of the management team of the offering refers to the extent of confidence in the offering, and it’s also a reflection that Emirates NBD is very much a reliable issuer in international markets.
With final settlement and maturity dates marked, plus the benefit of favorable pricing advice, this makes Emirates NBD poised to strengthen its position further as one of the financial pillars in the world. Even investors from different geographies would likely view this opportunity as an attractive addition to their portfolios.
With the bank finalizing the issue size, the settlement to be settled in the near future will be yet another milestone on its journey towards global financial integration. This issuance marks not only the financial strength of Emirates NBD but also its strategic vision to connect with markets worldwide through innovative and investor-friendly financial instruments.
