Emirates NBD leads MENA’s banks in offering fractional bonds
- Date: 11-Jul-2023
- Source: Mubasher
- Sector:Financial Services
- Country:UAE
Emirates NBD leads MENA’s banks in offering fractional bonds
has provided fractional bonds for individual investors to allow them to gain access to international bond markets with a minimum investment of $25,000. The DFM-listed lender became among the first banks in the MENA region to provide such a service, according to a press release. The international bond market generally holds a minimum investment of $200,000 for fixed-income bond securities, which makes it difficult for retail investors to go through the process. Meanwhile, fractional bonds will enable investors to access a new asset class with smaller investment amounts, which in turn will allow them to widen their investment horizons and benefit from alternate income sources. said: highlighted: Al Haj continued. He concluded: Earlier this week, the UAE-based lender in order to boost productivity across various business functions supported by Microsoft.