Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Lynk & Co Will Come to the Geneva International Motor Show Qatar

    September 27, 2023

    Robosoft Technologies Completes Acquisition of Cartesian Consulting Analytics Practice

    September 27, 2023

    Lucid Group Makes History in Saudi Arabia as it Opens Country’s First-Ever Car Manufacturing Facility

    September 27, 2023
    Facebook X (Twitter) Instagram
    UAE ReporterUAE Reporter
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    UAE ReporterUAE Reporter
    Home » $750 million Emirates NBD bond listed on Nasdaq Dubai
    Business

    $750 million Emirates NBD bond listed on Nasdaq Dubai

    June 10, 2021
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Shayne Nelson, Group CEO of Emirates NBD, rang the market-opening bell at Nasdaq Dubai to celebrate the listing of a US$750 million bond. The listing of this additional Tier 1 Capital bond reinforces Emirates NBD’s position as the largest financial services bond issuer on Nasdaq Dubai through seven listings with a total value of US$5.1 billion.
    $750 million Emirates NBD bond listed on Nasdaq Dubai

    The US$750 million perpetual bond pays a coupon of 4.25 percent, the lowest pricing for a conventional Tier 1 bond from the UAE, and the second lowest from the Middle East. The issuance was 2.3 times oversubscribed with a strong demand from the region. 64 percent of appetite came from Middle East, 12 percent each from Asia and Europe, 10 percent from UK and 2 percent from elsewhere.

    Commenting on the announcement, Nelson said, “The success of our latest bond issue reflects investor confidence in the Group’s sound business strategy and the economy of Dubai and the UAE. Nasdaq Dubai provides us with excellent links to investors in the region and globally, together with high public visibility.”
    Hamed Ali, CEO of Nasdaq Dubai and Deputy CEO of DFM, said, “The new listing from Emirates NBD endorses the exchange’s prominent status as the most favored listing venue for debt issuances in the Middle East. We are pleased to see leading corporations actively tapping into the market for issuances, which clearly demonstrate their determination to reinforce their pivotal role in financing the economic development in the country and the wider region.”
    Dubai is the largest listing venue in the Middle East for US dollar denominated debt listings, with a total value of $93.126 billion.
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email

    Related Posts

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023

    Digital work revolution sees the world’s gig economy expand by 12 percent

    September 8, 2023
    Latest News
    Travel

    World Tourism Day 2023 calls for sustainable growth in tourism

    Travel

    The anticipation for World Tourism Day 2023 is palpable, with this year’s theme shining a spotlight on…

    UAE and India discuss strategic ties at UNGA78 in New York

    September 26, 2023

    Leaders of UAE and Netherlands convene to reinforce mutual cooperation

    September 26, 2023

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023

    UN calls for greater female representation in police forces worldwide

    September 8, 2023

    Digital work revolution sees the world’s gig economy expand by 12 percent

    September 8, 2023
    © 2021 UAE Reporter | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.