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The listing of Emirates Bank Dubai bonds on the Nasdaq Stock Exchange worth $500 million


Hisham Abdullah Al Qassim, Vice Chairman and Managing Director of Emirates NBD, rang the trading opening bell on Nasdaq Dubai today to celebrate the listing of a $500 million bond.

The new listing reinforces Emirates NBD’s position as the largest listed institution on Nasdaq Dubai with a total value of $5 billion, and cements Dubai’s position among the largest regional and global listing centers for regional and global fixed income issuances with a total value of $115.96 billion.

The new five-year benchmark bond, priced at a yield of 5.625%, is Emirates NBD’s first public premium bond issue since Moody’s upgraded its rating to A2. 100 institutions, 40% of applications came from the Middle East, 30% from Europe, while the rest were distributed to other countries of the world.

Hisham Abd Allah Al Qassim, Vice Chairman and Managing Director of Emirates NBD, said: “The success of the issuance and listing of Emirates NBD bonds and the impressive investment demand, despite the challenges facing global markets, reflects the confidence of investors in the fundamentals and future prospects of the bank. In light of this strong demand to complete the issuance at less than the indicative price of 20 basis points.The new issuance also demonstrates the confidence of investors in the economy of Dubai and the United Arab Emirates.We would like to thank Nasdaq Dubai for its role in providing strong links and a distinguished presence with investors in the region and the world. “

Hamed Ali, Chief Executive Officer of Nasdaq Dubai and Dubai Financial Market, said: “We are pleased to welcome the new listing of Emirates NBD, the largest bond issuer on Nasdaq Dubai, amid a significant increase in the number of leading institutions benefiting from the exchange’s world-class infrastructure and regulatory infrastructure to implement their plans. related to raising liquidity and communicating with global investors, and we are committed to continuing to develop our regulatory frameworks to meet and exceed the requirements of all market participants and support the endeavors to achieve the strategic objectives of Dubai as a vital global center for capital markets.”

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