Emirates NBD lists $1bn bond on Nasdaq Dubai
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Emirates NBD lists $1bn bond on Nasdaq Dubai

Emirates NBD lists $1bn bond on Nasdaq Dubai

The Dubai lender is the largest issuer of conventional bonds on Nasdaq Dubai

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Dubai’s biggest bank Emirates NBD has listed a $1bn conventional bond on the Nasdaq Dubai stock exchange, it was announced on Thursday.

Emirates NBD’s latest bond listed on March 20, 2019.

The listing supports the bank’s activities including Islamic banking, investment banking, private banking, asset management, global markets and treasury and brokerage operations, a statement said.

The joint lead managers for the bond were BNP Paribas, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Nomura International and Standard Chartered Bank.

Clifford Chance and Norton Rose Fulbright (Middle East) served as legal advisors for the transaction.

Emirates NBD is the largest issuer of conventional bonds on Nasdaq Dubai with a total nominal value of $5.28bn from eight listings, the statement said.

The total value of all conventional bonds and Sukuk on Nasdaq Dubai has now reached $77.28bn.


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