DUBAI 22 March 2019: Network International, an affiliated associate of Emirates NBD Group, has confirmed its intention to proceed with an initial public offering, IPO, on the London Stock Exchange.
According to a press statement to Wam, it said further announcements will be made in due course in accordance with the applicable laws and regulations.
Nasdaq Dubai welcomes listing of US$1 billion bond by Emirates NBD
Meanwhile, Nasdaq Dubai has welcomed the listing of a US$1 billion conventional bond by Emirates NBD.
Emirates NBD is the largest issuer of conventional bonds on Nasdaq Dubai with a total nominal value of $5.28 billion from eight listings.
The total value of all conventional bonds and sukuk on Nasdaq Dubai has now reached $77.28 billion.
The Joint Lead Managers for Emirates NBD’s latest bond were BNP Paribas, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Nomura International and Standard Chartered Bank. The Legal Advisor to Emirates NBD as Issuer was Clifford Chance, and the Legal Advisor to the Joint Lead Managers was Norton Rose Fulbright (Middle East).
Emirates NBD’s latest bond listed on 20th March, 2019.