Nasdaq Dubai Welcomes Listing Of US$750 Million Bond By Emirates NBD
DUBAI, (UrduPoint / Pakistan Point News / WAM - 09th Jun, 2021) Shayne Nelson, Group CEO of Emirates NBD, today 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.
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.
Nasdaq Dubai provides us with excellent links to investors in the region and globally, together with high public visibility."
In turn, 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 favoured 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."