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Emirates NBD plans bond sale soon

Emirates NBD hopes to raise…

September 1, 2009 2:27 by

Emirates NBD hopes to raise up to $2 billion in bonds over the next year, its financial director Sanjay Uppal told Reuters. “It’s not something to be launched in a week or two week, but over the next six to nine months for something at that level,” he said, adding “But (it’s) dependent on the pricing element and government guarantee.”

He said that the bank had about $599 million of debt left to mature this year out of about $1.8 billion in total debt.

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