"Emirates NBD" Issues additional Tier 1 capital bonds worth $750 million

2026/04/29 9:34:32 PM

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Dubai, April 29 / WAM / Emirates NBD today announced its success in pricing the issuance of Additional Tier 1 (AT1) capital bonds worth US$750 million, marking the first debt capital issuance from an institutional entity in the GCC region since late February 2026.

According to the bank, this step follows the success of another issuance worth US$750 million earlier this month, which reflects the bank’s flexibility in managing capital and the deep global confidence in the UAE and the broader financial ecosystem of the GCC region.

The bank stressed that the strong demand for this issuance confirms the depth of investor confidence in its credit foundations, the solidity of its capital position, and its long-term strategy, in addition to the flexibility of the financial markets in the UAE and the Gulf Cooperation Council countries in general.

The issuance of additional Tier 1 capital bonds witnessed strong and diverse demand from global investment institutions, amid broad participation from Asia, Europe, the United Kingdom, and the Middle East region.

Subscriptions more than tripled supply, reflecting investors’ continued appetite for high-quality regional companies despite ongoing market fluctuations.

Emirates NBD was able to price the issue within the initial price range while reducing the final spread by approximately 50 basis points, achieving a final coupon of 6.25%.

The bank stated that the successful completion of this transaction is an important achievement for the regional capital markets.

Ahmed Al Qassim, Group Head of Business Banking at Emirates NBD, said: This issuance embodies the solid global confidence in the credit foundations of Emirates NBD, and the exceptional strength of the UAE’s economic prospects.

In turn, Ammar Al Haj, Treasurer and Group Head of Global Markets at Emirates NBD, said that the great interaction from investors is a clear indication of the continued demand for high-quality financial instruments issued by financial institutions in the United Arab Emirates, which reaffirms that Emirates NBD has a stable ability to access global liquidity sources, and this successful return to the markets came at a pivotal time.

This deal was implemented with the support of a broad alliance that included an elite group of regional and international banks. Abu Dhabi Commercial Bank, Barclays Bank, Citibank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, and JP Morgan were appointed as joint lead managers and lead managers, while Clifford Chance assumed the duties of legal advisor to the issuer, while Linklaters Company was the legal advisor to the agent.

The capital notes will be listed on Euronext Dublin and Nasdaq Dubai with a non-redemption period of six years.