Nasdaq Dubai Lists $500M Sustainability-Linked Loan Financing Bond by Emirates NBD

Post by: Elena Malik

Photo : Dubai Government Media Office

Nasdaq Dubai has listed a USD 500 million bond from Emirates NBD Bank. This bond is very special because it is the first of its kind in the world to follow new rules made by two big financial groups, the International Capital Market Association (ICMA) and the Loan Market Association (LMA). This shows that Dubai is becoming an important place for financial products that focus on helping the environment, society, and good governance.

The bond will last for five years and has been rated A2/A+ by two major rating agencies, Moody’s and Fitch. It will give investors a fixed interest rate of 5.141% and will end in 2029. This bond is part of Emirates NBD’s bigger program to raise money, which is called the USD 20 billion Euro Medium Term Note (EMTN) Programme. It also shows that the bank is serious about being innovative and sustainable in the financial world.

The bond is listed on Nasdaq Dubai and Euronext Dublin. This has caught the attention of investors from both nearby and faraway countries, showing that Dubai is a key player in the world of sustainable finance. With this new bond, Emirates NBD now has USD 5.77 billion worth of bonds listed on Nasdaq Dubai, spread across nine different bonds.

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Nasdaq Dubai has become a very popular place for companies to list bonds and other financial products that help with sustainable goals. In total, the exchange now has USD 139 billion in listed bonds, and USD 30.4 billion of this is for financial products focused on environmental, social, and governance (ESG) goals. This makes Dubai even more famous as a great place for investors to find interesting and responsible ways to invest.

To celebrate the listing, Hesham Abdulla Al Qassim, who is the Vice Chairman and Managing Director of Emirates NBD Group, opened the market at Nasdaq Dubai by ringing the market bell. He was joined by Hamed Ali, who is the CEO of Nasdaq Dubai and the Dubai Financial Market.

During the event, Hesham Abdulla Al Qassim said, “We are very happy to list this bond at Nasdaq Dubai. This bond is the first of its kind and is a big step forward for us as a bank. It shows our promise to give investors and customers financial products that focus on ESG goals.”

Hamed Ali also spoke at the event and said, “We are proud to have this bond listed here. Nasdaq Dubai is helping companies find the money they need for projects that are good for the environment and society. This bond shows how we are growing the options for sustainable finance in this region.”

The money from this bond will be used to support projects by Emirates NBD that follow its sustainability goals. These projects are part of the bank’s plan to help the environment and society, which is called its Sustainability-Linked Loan Financing Bond Framework. This shows that there is a growing interest in financial products that focus on ESG goals, both in this region and around the world.

As more investors look for sustainable finance options, Nasdaq Dubai is playing a key role by giving them a place to find these opportunities. This new bond from Emirates NBD is a great example of how Dubai is leading the way in creating financial solutions that are good for the planet and the future.

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