Home Industry Finance UAE’s Emirates Development Bank sets final price guidance for debut dollar bond Orders for the five-year senior unsecured bonds totalled almost $3.5bn by Reuters February 28, 2019 Emirates Development Bank (EDB), owned by the United Arab Emirates federal government, set final price guidance for its $750m dollar bond issue at 98 basis points over midswaps, a document issued by one of the banks leading the deal showed on Wednesday. Orders for the five-year senior unsecured bonds, EDB’s debut dollar issue, totalled almost $3.5bn. Emirates NBD Capital and Standard Chartered Bank are coordinating the sale. Emirates Development Bank is rated AA-(minus) by Fitch. The pricing for the issue was revised from earlier guidance of around 130 basis points over mid-swaps. 0 Comments