Barclays Capital and UBS Investment Bank are the Lead Arrangers. Citibank International plc, Credit Suisse International, & Deutsche Bank AG, complete the Dealer group.
Late last year National Bank of Dubai launched its debut EMTN issue which was received very well by the investor community spread across Asia, M. East & Europe. Mr. R. Douglas Dowie, CEO said 'A strong business growth necessitates diversified sources of funding across tenors and investor bases. The bank's strong credit ratings (A1 / P1 by S & P & Moody's) is seen attracting investors from Europe, Asia & the region. National Bank of Dubai has been in the forefront of development of UAE and will continue to be actively involved in project finance both in UAE and the rest of GCC'.
ECP issuance targeted from Sept 5th. As is customary IFR and Euro weekly will publish similar announcement. Suggest local press release also to go out on 4th Sept.
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National Bank of Dubai launches USD 1Billion ECP programme
- United Arab Emirates: Sunday, September 03 - 2006 at 12:35
- PRESS RELEASE
National Bank of Dubai today announced that it will soon commence issuing Commercial paper in the Euro market under its USD 1Billion ECP programme.
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About National Bank of DubaiFounded in 1963, the National Bank of Dubai is the oldest, locally incorporated bank in the Southern Gulf. Known as the bank with a performance that is second-to-none, NBD has built a reputation of stability and strength much appreciated by shareholders and customers alike. Recognizing this leading performance, NBD has been awarded with the Dubai Quality Award for the year 2005.
Offering diversified financial services, NBD is a leader in corporate banking. Its portfolio covers a wide range of services including transport, real estate, construction, manufacturing, tourism and service industries throughout the region. In addition, NBD's 'Private Office' provides private banking services, offering highly tailored solutions to preserve and protect the personal wealth of its customers. Along with supplying customers with a variety of exclusive service based products, secured facilities, Credit Cards, personal loans, auto loans and home loans, the National Bank of Dubai also offers a variety of treasury products and services, advising customers on exchange markets and interest rate outlook. NBD, also recently launched Suhail Priority Banking Services, a premier banking service offering customers personalized relationship management and a host of exclusive products and services. Furthermore, NBD presents their customers with automated banking services, which consist of an internet service (NBD Online), a telebanking facility (NBD Telebank), and an SMS based service (NBD Mobile). With a comprehensive card portfolio that provides an array of benefits, the National Bank of Dubai has, over the years, built a wide ATM network as well as Point of Sale terminals in select locations throughout the UAE.
The National Bank of Dubai currently has an extensive branch network that includes 39 branches throughout the UAE. In addition, NBD also has a branch in London and a representative office in Tehran.
Press release issued on behalf of the National Bank of Dubai by Hill & Knowlton, Dubai.
For further media information please contact:
Nada Lotfy
Tel: +971 4 3344930
Fax: +971 4 3344930
Posted by Anne-Birte Stensgaard, Senior News EditorSunday, September 03 - 2006 at 12:35 UAE local time (GMT+4)
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This article was updated on Tue Mar 27 2007.
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