Browsing: bond market

Emirates NBD, the UAE’s second-largest bank by total assets, has mandated a potential 10-year fixed-rate kangaroo bond denominated in Australian dollars, targeting benchmark size. The bank is currently gathering Indications of Interest (IoIs) at initial price thoughts (IPTs) around asset swaps plus 195 basis points.

Dubai-listed Mashreqbank has appointed a group of banks to arrange a USD 500 million Regulation S five-year senior unsecured sukuk, with investor meetings and calls scheduled to commence on Monday.

The UAE is experiencing significant expansion in its mega projects across key sectors, including infrastructure, renewable energy, and real estate, aligning with a strategic vision that prioritises sustainability in economic policies.