Nasdaq Dubai welcomed the listing of Emirates NBD Bank PJSC’s US$500M Sustainability-Linked Loan Financing Bond (SLLB), the first globally issued under the new International Capital Market Association (ICMA) and Loan Market Association (LMA) frameworks.
Rated A2/A+ by Moody’s and Fitch, the five-year bond carries a fixed coupon rate of 5.141% and matures in 2029. Issued under Emirates NBD’s $20B Euro Medium Term Note (EMTN) Programme, the bond reflects the Bank’s commitment to sustainability and financial innovation.
Dual-listed on Nasdaq Dubai and Euronext Dublin, the issuance attracted significant interest from regional and global investors, further solidifying Dubai’s position as a hub for sustainable debt markets. With this addition, Emirates NBD’s total bond listings on Nasdaq Dubai now reach $5.77B across nine issuances.
Nasdaq Dubai remains a leading platform for ESG and fixed-income listings, with a total market value of $139B, including $30.4B in ESG-related securities. This strengthens Dubai’s reputation as a gateway for sustainable investments.
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD Group, marked the milestone with a market-opening bell ceremony alongside Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market. Al Qassim highlighted the bond as a significant step in meeting investor demand for ESG-compliant financial instruments, while Ali praised the issuance as crucial for expanding ESG financing solutions in the region.
Proceeds from the bond will finance or refinance Emirates NBD’s Sustainability-Linked Loan (SLL) assets, reflecting rising demand for ESG-focused financial solutions in global markets.
