DUBAI: Emirates NBD launched a $ 1 billion core capital-boosting bond yesterday, amid healthy

demand, allowing the Dubai lender to tighten earlier price guidance.

The Tier 1 bond launched at a final yield of 5.75 percent, tighter than the 6 percent indicated earlier in the day.

Bank of America Merrill Lynch, Deutsche Bank, HSBC Holdings, ING, Morgan Stanley as well as Emirates NBD's investment banking unit are mandated arrangers on the bond.