Gulf banking giant Emirates NBD has mandated four banks to round up investors for a new 10-year Kangaroo bond, after running a set of informal meetings with local bond managers last year via ANZ.
Gulf banking giant Emirates NBD has mandated four banks to round up investors for a new 10-year Kangaroo note,Government of Dubai is a controlling shareholder in Kangaroo bond candidate Emirates NBD Bank.
It had mandated four banks - ANZ, JPMorgan, Nomura and itself - as the joint lead managers and joint bookrunners. The syndicate began taking expressions of interest on Monday morning, telling investors to think of pricing in the SQ+200bps area, ahead of formal launch.
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