Emirates NBD offering debt swap

Emirates NBD offering debt swapDubai’s largest bank has announced that it will be offering a debt swap to investors in an effort to bolster capital adequacy.  Emirates NBD will offer dated notes due in 2018 to investors of notes due in 2016 until May 26th.  The notes have an approximate value of $518 million.  This moves comes after significant foreign anxiety over the banking industry in Dubai after the lasting turmoil in the Middle East and the recent government takeover of Dubai Bank.

As the recent property bust in Dubai subsides while international demand for oil increases, the Emirates have seen some stabilizing of the financial industry. However, Emirates NBD is still set to see $773 million worth of debts mature this year.  Other Emirati banks are facing similar realities, but analysts insist that investor confidence remains high.

 



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Dubai’s largest bank has announced that it will be offering a debt swap to investors in an effort to bolster capital adequacy.  Emirates NBD will offer dated notes due in 2018 to investors of notes due in 2016 until May 26th.  The notes have an approximate value of $518 million.  This moves comes after significant foreign anxiety over the banking industry in Dubai after the lasting turmoil in the Middle East and the recent government takeover of Dubai Bank. As the recent property bust in Dubai subsides while international demand for oil increases, the Emirates have seen some stabilizing of...

Emirates NBD offering debt swapDubai’s largest bank has announced that it will be offering a debt swap to investors in an effort to bolster capital adequacy.  Emirates NBD will offer dated notes due in 2018 to investors of notes due in 2016 until May 26th.  The notes have an approximate value of $518 million.  This moves comes after significant foreign anxiety over the banking industry in Dubai after the lasting turmoil in the Middle East and the recent government takeover of Dubai Bank.

As the recent property bust in Dubai subsides while international demand for oil increases, the Emirates have seen some stabilizing of the financial industry. However, Emirates NBD is still set to see $773 million worth of debts mature this year.  Other Emirati banks are facing similar realities, but analysts insist that investor confidence remains high.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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