Emirates NBD launched a $1 billion core capital-boosting bond on Wednesday, amid healthy demand, allowing the Dubai lender to tighten earlier price guidance.

The Tier 1 bond launched at a final yield of 5.75 per cent, tighter than the 6 per cent indicated earlier in the day.

Pricing is due later on Wednesday.

Bank of America Merrill Lynch, Deutsche Bank , HSBC Holdings, ING, Morgan Stanley as well as Emirates NBD's investment banking unit are mandated arrangers on the bond. - Reuters