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Emirates NBD 6.125% Perp (USD)
Emirates NBD Bank PJSC
Emirates NBD Bank PJSC is a United Arab Emirates-based bank, which is engaged in the provision of banking services. The Bank is organized into five business segments: the Corporate banking segment offers structured financing, current and savings accounts, customer deposits, overdrafts, trade finance and term loans for government, corporate and commercial customers; the Consumer banking segment includes retail loans and deposits, private banking and wealth management, asset management and consumer financing; the Treasury activities segment comprises of managing the Bank’s portfolio of investments, funds management, and interbank treasury operations; the Islamic banking segment offers products and services in accordance to the Islamic sharia principles, and the Other operations segment includes property management, equity broking services, operations and support functions.
to trade this BondbloX
Bondblox Price Information
Last Price
100.000
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXXS2134363170
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
1.582
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Underlying Bond Information
Bond Issuer
Emirates NBD Bank PJSC
ISIN
XS2134363170
Bond Currency
USD
Country of Risk
ARE
Guarantor
Not Applicable
Coupon
6.125%
Coupon Type
Fixed-Fixed (Margin-over Index)
Industry Type
Banks (AT1)
Minimum Denomination
200,000
Minimum Increment
1,000
Amount Issued
750,000,000
Amount Outstanding
750,000,000
Issue Date
Jul 9, 2020
Maturity Date
Perp
Perpetual
Y
Redemption Value
100.000
Bond Rating
-
Registration Type
Regulation S
Seniority
Junior Subordinated
Callable
Y
Next Call Date
Apr 9, 2026
Next Call Price
100.000
Reference Rate
CMTUSD6Y
Spread
570.2
Refix Frequency (years)
2
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Jan 9, 2025
Day Count Basis
ISMA-30/360
Record Date Rule
1 ICSD Business Day prior to the relevant Interest Payment Date
Underlying Bond Features
Cancellation of Interest Payments:
If a Non-Payment Event occurs, the Issuer shall not pay the corresponding Interest Payment Amount and the Issuer shall not have any obligation to make any subsequent payment in respect of any unpaid Interest Payment Amount as more particularly described in Condition 6 (Interest Cancellation). In such circumstances, interest will not be cumulative and any interest which is not paid will not accumulate or compound and holders of the Capital Securities will have no right to receive such interest at any time, even if interest is paid in the future.
Write-down at the point of Non-Viability:
If a Non-Viability Event occurs, a Write-down will take place in accordance with Condition 10.2 (Write-Down at the Point of Non-Viability – Non-Viability Notice). "Write-down" means:
- (i) the holders' rights under the Capital Securities shall automatically be deemed to be irrevocably, unconditionally and permanently written-down in a proportion corresponding to the relevant Write-down Amount;
- (ii) in the case of the Write-down Amount corresponding to the full Prevailing Principal Amount of the Capital Securities then outstanding, the Capital Securities shall be cancelled; and
- (iii) all rights of any holder for payment or any amounts under or in respect of the Capital Securities, in a proportion corresponding to the relevant Write-down Amount (and any corresponding Interest Payment Amounts), shall be cancelled and not restored under any circumstances, irrespective of whether such amounts have become due and payable prior to the date of the Non-Viability Notice or the Non-Viability Event Writedown Date.
Related Documents
Final Terms
This document constitutes the Final Terms relating to the issue of BondbloX BEXXS2134363170.
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.
Emirates NBD 6.125% Perp (USD)
InstitutionsIndividuals
to trade this BondbloX
Emirates NBD Bank PJSC
Emirates NBD Bank PJSC is a United Arab Emirates-based bank, which is engaged in the provision of banking services. The Bank is organized into five business segments: the Corporate banking segment offers structured financing, current and savings accounts, customer deposits, overdrafts, trade finance and term loans for government, corporate and commercial customers; the Consumer banking segment includes retail loans and deposits, private banking and wealth management, asset management and consumer financing; the Treasury activities segment comprises of managing the Bank’s portfolio of investments, funds management, and interbank treasury operations; the Islamic banking segment offers products and services in accordance to the Islamic sharia principles, and the Other operations segment includes property management, equity broking services, operations and support functions.
Bondblox Price Information
Last Price
100.000
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXXS2134363170
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
1.582
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Settlement Cycle
Instant (Fractional)
Underlying Bond Information
Bond Issuer
Emirates NBD Bank PJSC
ISIN
XS2134363170
Bond Currency
USD
Country of Risk
ARE
Guarantor
Not Applicable
Coupon
6.125%
Coupon Type
Fixed-Fixed (Margin-over Index)
Industry Type
Banks (AT1)
Minimum Denomination
200,000
Minimum Increment
1,000
Amount Issued
750,000,000
Amount Outstanding
750,000,000
Issue Date
Jul 9, 2020
Maturity Date
Perp
Perpetual
Y
Redemption Value
100.000
Bond Rating
-
Registration Type
Regulation S
Seniority
Junior Subordinated
Callable
Y
Next Call Date
Apr 9, 2026
Next Call Price
100.000
Reference Rate
CMTUSD6Y
Spread
570.2
Refix Frequency (years)
2
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Jan 9, 2025
Day Count Basis
ISMA-30/360
Record Date Rule
1 ICSD Business Day prior to the relevant Interest Payment Date
Underlying Bond Features
Cancellation of Interest Payments:
If a Non-Payment Event occurs, the Issuer shall not pay the corresponding Interest Payment Amount and the Issuer shall not have any obligation to make any subsequent payment in respect of any unpaid Interest Payment Amount as more particularly described in Condition 6 (Interest Cancellation). In such circumstances, interest will not be cumulative and any interest which is not paid will not accumulate or compound and holders of the Capital Securities will have no right to receive such interest at any time, even if interest is paid in the future.
Write-down at the point of Non-Viability:
If a Non-Viability Event occurs, a Write-down will take place in accordance with Condition 10.2 (Write-Down at the Point of Non-Viability – Non-Viability Notice). "Write-down" means:
- (i) the holders' rights under the Capital Securities shall automatically be deemed to be irrevocably, unconditionally and permanently written-down in a proportion corresponding to the relevant Write-down Amount;
- (ii) in the case of the Write-down Amount corresponding to the full Prevailing Principal Amount of the Capital Securities then outstanding, the Capital Securities shall be cancelled; and
- (iii) all rights of any holder for payment or any amounts under or in respect of the Capital Securities, in a proportion corresponding to the relevant Write-down Amount (and any corresponding Interest Payment Amounts), shall be cancelled and not restored under any circumstances, irrespective of whether such amounts have become due and payable prior to the date of the Non-Viability Notice or the Non-Viability Event Writedown Date.
Related Documents
Final Terms
This document constitutes the Final Terms relating to the issue of BondbloX BEXXS2134363170.
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.
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