Emirates NBD gets nod to raise bond programme to $12.5bn

Shareholders of Emirates NBD have approved the bank’s proposal to raise its euro medium-term note programme to $12.5 billion, from the previous $7.5bn, the lender said on Wednesday.

Approval was also granted for the bank to establish any similar debt programme, as well as to issue debt on a standalone basis, including without limitation, through the issuance of conventional notes, structured notes or other debt funding, the bank said in a bourse statement.

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