Emirates NBD lists $750m bonds on Nasdaq Dubai

SectorFinancial Markets

Nasdaq Dubai has welcomed the listing of $750 million additional Tier 1 Capital bonds by , marking the second listings of bonds from the bank in 2021. The perpetual bonds pay a coupon of 4.25%, which is the lowest pricing for a conventional Tier 1 bond from the UAE and the second-lowest from the Middle East, according to a press release on Wednesday. Oversubscribed 2.3 times, the issuance has witnessed strong demand, with 64% of investors coming from the Middle East, 12% each from Asia and Europe, 10% from the UK, and 2% from elsewhere.

The listing boosts Emirates NBD’s position as the largest financial services bond issuer on Nasdaq Dubai with seven listings at a total value of $5.1 billion. The remarked: Meanwhile, the commented: It is noteworthy to mention that in January, which was the first public debt issuance from the UAE in 2021.

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