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Emirates NBD Bank priced a US$700m five-year floating-rate Formosa bond at SOFR plus 110bp, in line with final price guidance.
ANZ Taipei branch and Standard Chartered Bank (Taiwan) were joint bookrunners.
The notes will be rated A/A+ (Moody's/Fitch), in line with the issuer.
The proceeds will be used for general working purposes.
Source: IFR