(Adds size, launch, final spread, demand)
DUBAI, June 8 (Reuters) - Emirates Development Bank, wholly
owned by the United Arab Emirates federal government, sold $750
million in five-year bonds at 80 basis points (bps) over
mid-swaps after receiving over $3.2 billion in orders for its
first international bond sale since 2019, a document showed on
Tuesday.
The spread was tightened from initial guidance of between
105 and 110 basis points over mid-swaps, the document from one
of the banks on the deal showed.
Emirates NBD Capital, Standard Chartered,
Goldman Sachs International, and Industrial and
Commercial Bank of China arranged the deal.
(Reporting by Yousef Saba;
Editing by Sherry Jacob-Phillips and Louise Heavens)
Standard Chartered (STAN)
