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ENBD’s $500 Million Sustainability Bond is Listed on the Nasdaq Dubai

  • December 19, 2024
  • 2 min read
ENBD’s $500 Million Sustainability Bond is Listed on the Nasdaq Dubai

The $500 million Sustainability-Linked Loan Financing Bond (SLLB) from Emirates NBD Bank was listed on Nasdaq Dubai. This was the first SLLB ever issued under the new International Capital Market Association (ICMA) and Loan Market Association (LMA) framework.

The five-year bond, which has a fixed coupon rate of 5.141 percent and matures in 2029, is rated A2/A+ by Moody’s and Fitch. It is issued under Emirates NBD’s $20 billion Euro Medium Term Note (EMTN) Program, demonstrating the Bank’s dedication to financial market innovation and sustainability.

Strong interest from both domestic and foreign investors is demonstrated by the dual-listed bond’s issuance on Nasdaq Dubai and Euronext Dublin, further solidifying Dubai’s standing as a major worldwide center for creative and sustainable debt capital markets. With this most recent offering, Emirates NBD’s total bond value across its nine listings on Nasdaq Dubai now stands at $5.77 billion.

As the leading venue for regional and international fixed-income and ESG-related listings, Nasdaq Dubai keeps establishing itself. With an impressive total value of $139 billion in listed fixed-income instruments, including $30.4 billion in ESG-focused issuances, the exchange further solidifies Dubai’s role as the entry point for investors looking for a wide range of investment options.

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