"Nasdaq Dubai" The world’s first sustainability-linked loan financing bond is listed from… "Emirates NBD"
DUBAI, 18 December / WAM / Nasdaq Dubai welcomed the listing of the world’s first sustainability-linked loan financing bond from Emirates NBD, valued at US$500 million, fully compliant with the new framework of the International Capital Markets Association and the Loan Market Association.
It is noteworthy that the bonds are rated by Moody’s and Fitch at A2 and A+, respectively, and extend for five years with a fixed interest rate of 5.141%, maturing in 2029.
According to a press release issued today by Nasdaq Dubai, this issuance comes within the framework of Emirates NBD’s US$20 billion Euromedium Term Bond Program, affirming the bank’s commitment to sustainability and innovation in the financial markets.
This dual listing on the Nasdaq Dubai and Euronext Dublin exchanges reflects the strong level of interest and demand from investors in the region and the world, which confirms the leadership position that Dubai occupies as a leading global center for sustainable and innovative capital markets.
With this issuance from Emirates NBD, the total value of the bank’s bonds listed on Nasdaq Dubai rises to $5.77 billion, through 9 listings.
Nasdaq Dubai continues to strengthen its position as a leading platform for regional and global listings of fixed income instruments and securities linked to environmental, social and corporate governance practices.
The total value of fixed income instruments listed on the stock exchange reached US$139 billion, of which US$30.4 billion is related to sustainability, environmental, social and governance practices, which consolidates Dubai’s position as an attractive destination for investors looking for diverse investment opportunities.
To celebrate the listing, Hisham Abdullah Al Qassim, Vice Chairman and Managing Director of Emirates NBD Group, rang the opening bell of the trading session at Nasdaq Dubai, along with Hamed Ali, CEO of Nasdaq Dubai and the Dubai Financial Market.
Hisham Abdullah Al Qassim said: We are pleased to list the first sustainability-linked loan financing bond in the world that fully complies with the new framework of the International Capital Markets Association and the Loan Market Association on the Nasdaq Dubai exchange. This represents one of the important achievements in our journey towards sustainability as a bank, and is also clear evidence. We are committed to supporting the evolving needs of capital markets, investors and our clients for financial instruments compliant with environmental, social and corporate governance practices.
Hamed Ali stressed that the Stock Exchange continues its pioneering role in supporting and supplying issuers by providing a platform to access capital to finance sustainability initiatives and projects, noting that this important issuance represents an essential step in the aspirations and joint efforts to enhance financing solutions that focus on environmental, social and corporate governance practices in the country. Area.
The bond proceeds will be allocated to finance or refinance Emirates NBD’s portfolio of sustainability-linked loans, within the bank’s sustainability-linked loan financing bond framework.
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