Emirates NBD, Dubai's largest lender, listed a US$750m conventional bond on the NASDAQ Dubai bourse on Sunday.
The bank had been rumoured to be seeking finance to reduce government support for its capital ratios.
Reuters reported earlier this month that the lender had hired six banks - HSBC Holdings, National Bank of Abu Dhabi, Citigroup Inc, JP Morgan Chase, Societe Generale and itself – to help arrange a benchmark-sized subordinated bond sale of at least US$500m.
The bank, which is 55.6-percent owned by state fund Investment Corp of Dubai, received AED12.6bn (US$3.43bn) from the government in 2008. It said in January that it was looking to begin repayment of the funds.
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