Dubai – Mubasher: Nasdaq Dubai welcomed the listing of Emirates NBD Bank’s $500 million sustainability-linked loan financing bond (SLLB), according to a press release.
The offering was launched under the new International Capital Market Association (ICMA) and Loan Market Association (LMA) framework.
Emirates NBD will use the proceeds from the bond to finance or refinance its portfolio of sustainability-linked loan (SLL) assets. This issuance reflects the growing demand for ESG-focused financial instruments in regional and global markets.
Rated A2/A+ by Moody’s and Fitch, the five-year bond holds a fixed coupon rate of 5.14%, maturing in 2029.
It is issued under Emirates NBD’s 420 billion euro medium-term note (EMTN) Programme, reinforcing the lender’s commitment to boosting sustainability and innovation in financial markets.
Emirates NBD’s latest issuance increases the bank’s total value of bonds currently listed on Nasdaq Dubai to $5.77 billion over nine listings
The exchange boasts an outstanding total value of $139 billion in listed fixed-income securities, with $30.40 billion dedicated to ESG-focused issuances.
Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), said: “The exchange continues to play a key role in providing issuers with access to capital to support their sustainable initiatives.”
Last November, Nasdaq Dubai listed two bonds by Chain’s Ministry of Finance at a value of $2 billion.
