Emirates Development Bank sells $750m in five-year bonds

Emirates Development Bank sold $750 million in five-year bonds at 80 basis points over mid-swaps after receiving over $3.2 billion in orders for its first international bond sale since 2019.

The spread was tightened from initial guidance of between 105 and 110 basis points over mid-swaps, a document from one of the banks on the deal showed. Emirates NBD Capital, Standard Chartered, Goldman Sachs International, and Industrial and Commercial Bank of China arranged the deal.