Nasdaq Dubai has announced the listing of Emirates NBD Bank PJSC’s $500 million Sustainability-Linked Loan Financing Bond (SLLB), marking a global milestone as the first SLLB issued under the new International Capital Market Association (ICMA) and Loan Market Association (LMA) framework.
Rated A2 by Moody’s and A+ by Fitch, the five-year bond carries a fixed coupon rate of 5.141% and will mature in 2029. It was issued under Emirates NBD’s $20 billion Euro Medium Term Note (EMTN) Programme, showcasing the bank’s commitment to sustainability and innovation in global financial markets.
Dual Listing Highlights Dubai’s Global Standing
The bond is dual-listed on Nasdaq Dubai and Euronext Dublin, reflecting strong investor interest from both regional and international markets. This issuance reinforces Dubai’s growing reputation as a global hub for sustainable and innovative debt capital markets. Emirates NBD now has a total of nine bonds listed on Nasdaq Dubai, with a combined value of $5.77 billion.
Nasdaq Dubai continues to cement its position as a leading platform for fixed-income and ESG-related listings. The exchange hosts $139 billion in listed fixed-income securities, including $30.4 billion dedicated to ESG-focused issuances, providing diverse opportunities for global investors.
Milestone Celebrated with Bell-Ringing Ceremony
To commemorate the listing, Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD Group, rang the market opening bell at Nasdaq Dubai. He was joined by Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).
“We are proud to list the world’s first Sustainability-Linked Loan Financing Bond under the new ICMA/LMA framework on Nasdaq Dubai. This achievement underscores our dedication to sustainability and meeting the evolving demands of capital markets for ESG-compliant financial instruments,” said Al Qassim.
Hamed Ali commented, “We welcome Emirates NBD’s Sustainability-Linked Loan Financing Bond to Nasdaq Dubai. This listing is a significant step in expanding ESG financing solutions in the region and reflects our shared commitment to supporting sustainable initiatives.”
Proceeds to Finance ESG Initiatives
The proceeds from the SLLB will be allocated to finance or refinance Emirates NBD’s portfolio of Sustainability-Linked Loan (SLL) assets, adhering to its SLLB Framework. The issuance highlights the increasing demand for ESG-focused financial instruments in both regional and international markets, further solidifying Dubai’s position as a gateway for sustainable investment.
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