Emirates NBD celebrates $750 million bond listing
Staff Report/Dubai Filed on June 9, 2021
Shayne Nelson, Group CEO of Emirates NBD, on Wednesday rang the market-opening bell at Nasdaq Dubai to celebrate the listing of a $750 million bond.
Supplied photo
This second listing in 2021 increases Emirates NBD’s listed bonds to $5.1 billion, making it the largest financial services bond issuer on Nasdaq Dubai
Shayne Nelson, Group CEO of Emirates NBD, on Wednesday rang the market-opening bell at Nasdaq Dubai to celebrate the listing of a $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 $5.1 billion. The $750 million perpetual bond pays a coupon of 4.25 per cent, the lowest pricing for a conventional Tier 1 bond from the UAE, and the second lowest from the Middle East.