Emirates NBD plans $2bn bond sales
United Arab Emirates: Wednesday, May 14 - 2008 at 07:04
Emirates NBD plans to sell up to $2bn of bonds in Japanese yen and Malaysian ringgit to help diversify its investor base and lower funding costs, the bank's general manager for global markets and treasury, John Eldredge, told Bloomberg. The bank is setting up programmes of about $1bn each in the two currencies and expects to borrow in the second half of this year.
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Jeff Florian, Senior ReporterWednesday, May 14 - 2008 at 07:04 UAE local time (GMT+4)
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