Nasdaq Dubai welcomed the listing of Emirates NBD Bank’s, $500 million Sustainability-Linked Loan Financing Bond (SLLB), the world’s first SLLB issued under the new International Capital Market Association (ICMA) and Loan Market Association (LMA) framework.
Rated A2/A+ by Moody’s and Fitch, the five-year bond carries a fixed coupon rate of 5.141 per cent and matures in 2029. It is issued under Emirates NBD’s $20 billion EMTN (Euro Medium Term Note) Programme, reinforcing the Bank’s commitment to sustainability and innovation in financial markets.
The issuing of the dual-listed bond on Nasdaq Dubai and Euronext Dublin demonstrates considerable demand from both regional and international investors, highlighting Dubai’s status as a leading worldwide hub for sustainable and innovative debt capital markets. Emirates NBD’s recent offering brings the total value of bonds now listed on Nasdaq Dubai to $5.77 billion, spread over nine listings.
Nasdaq Dubai is cementing its position as the top platform for regional and global fixed-income and ESG-related listings. The exchange has an outstanding total value of $139 billion in listed fixed-income instruments, with $30.4 billion committed to ESG-focused issuances, cementing Dubai’s status as a gateway for investors seeking various investment possibilities.
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