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UAE’s EDB appoints arrangers for $750 million bond issuance

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The lender has appointed Emirates NBD Capital as the financial adviser and, together with Standard Chartered as joint global coordinators.

Tuesday 19, February 2019 BY KUDAKWASHE MUZORIWA

UAE’s Emirates Development Bank (EDB) has hired banks to arrange a series of fixed-income investor meetings ahead of a potential sale of benchmark US dollar-denominated five-year bonds.

Representatives of the banks will meet investors in Asia, the UAE and London starting from 20 February.

Industrial and Commercial Bank of China has also been hired as joint lead manager, reported Reuters.

TAGS : Standard Chartered , Emirates NBD Capital, Industrial and Commercial Bank of China, Emirates Development Bank , Bond issuance

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