By Christine Van Dusen
Atlanta, Feb. 23 – United Arab Emirates-based National Bank of Ras Al Khaimah (RAKbank) sold an additional $300 million of its 3¼% notes due June 2019 at 100.875 on Monday, a market source said.
National Bank of Abu Dhabi and Standard Chartered Bank were the bookrunners for the Regulation S deal.
The original $500 million 3¼% five-year notes priced in June 2014 at 99.275 to yield mid-swaps plus 160 basis points.
The issuer is a commercial bank based in Dubai.
| Issuer: | National Bank of Ras Al Khaimah (RAKbank)
|
| Amount: | $300 million
|
| Maturity: | June 2019
|
| Description: | Notes
|
| Bookrunners: | National Bank of Abu Dhabi, Standard Chartered Bank
|
| Coupon: | 3¼%
|
| Price: | 100.875
|
| Trade date: | Feb. 23
|
| Distribution: | Regulation S
|
| Price talk: | 100.875 area
|
| Original issue: | $500 million priced at 99.275 to yield mid-swaps plus 160 bps in June 2014
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
