Emirates NBD closed $2.25 billion in long-term financing, strengthening its liquidity position and expanding its USD funding base. Moreover, the transaction ranks among the largest syndicated borrowings in the GCC, reflecting strong demand from international lenders despite a challenging global environment.
$1.75 billion sustainability-linked loan oversubscribed
The financing includes a $1.75 billion five-year sustainability-linked syndicated term loan, alongside a $500 million five-year Club Commodity Murabaha term facility. Additionally, the sustainability-linked loan was initially launched at $1 billion before being oversubscribed by more than two times, allowing the facility to be increased to $1.75 billion.
The bank said the transaction achieved the tightest pricing in its history for a syndicated loan. Furthermore, the extended tenor strengthens liquidity and diversifies funding sources, providing long-term USD resources to support strategic growth.
Murabaha facility adds Shariah-compliant funding
The $500 million Club Commodity Murabaha term facility was arranged through Emirates Islamic. Additionally, the facility achieved competitive pricing relative to regional Islamic peers and closed within an accelerated timeframe. As a result, the transaction reflects strong execution and coordination among stakeholders.
Capital markets track record supports investor confidence
The transaction builds on the group’s recent capital markets activity. Moreover, it follows Emirates NBD’s $750 million seven-year Asian financing completed in February 2026 and Emirates Islamic’s issuance of the world’s first sustainability-linked financing sukuk in 2025. Therefore, the group continues to strengthen its positioning in both conventional and Shariah-compliant sustainable finance.
Shayne Nelson, Group Chief Executive Officer at Emirates NBD, said, “The successful closing of this financing reinforces Emirates NBD’s strong credit profile and our position as a preferred counterparty in global loan markets. Strong oversubscription from international lenders, together with tight pricing, reflects continued market confidence in the UAE’s financial sector and in our ability to access diversified funding at competitive terms. This transaction further strengthens our liquidity position and supports the execution of our long-term growth ambitions.”
Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, added, “This syndication reflects Emirates NBD’s strong capital strategy and prudent financial management. It enhances our long-term USD funding profile and supports strategic growth priorities while delivering sustainable value.”
Global lender participation broadens funding reach
The combined transaction attracted 15 financial institutions from the Americas, Europe, and Asia. Additionally, it reinforces the bank’s established presence in international loan markets and signals continued confidence in the UAE’s economic resilience and regulatory framework.
Bank of America, BNP Paribas, DBS Bank Limited and Emirates NBD Capital Limited acted as Coordinators, Book-Runners and Sustainability Coordinators on the Emirates NBD facility. Emirates NBD Capital Limited acted as sole coordinator for the Emirates Islamic transaction.
