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Dubai’s Emirates NBD sells $750 mln bonds

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Dubai’s biggest bank, Emirates NBD, sold five-year bonds worth $750 million on Wednesday, in the first public debt issuance from the Gulf region this year, a document showed.

The notes, which received over $2.2 billion in orders, offer an interest rate equivalent to 115 basis points over mid-swaps, according to the document issued by one of the banks leading the deal and seen by Reuters.

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