Nasdaq Dubai witnessed the listing of a bond worth 1 billion Chinese yuan (equivalent to $140 million), issued by Emirates NBD.
The bonds were issued under Emirates NBD's USD 20 billion Euro Medium Term Note Programme, carrying a coupon of 2.40% and maturing in 2028.
This issuance represents a significant step that brings the bank back into the dim sum market, allowing global investors access to renminbi-denominated bonds outside mainland China, according to a press release.
This issuance contributes to diversifying the bank's funding sources and reflects investor confidence in high-quality bonds issued by UAE financial institutions.
With this listing, the total value of Emirates NBD's debt instruments listed on Nasdaq Dubai now stands at $5.4 billion, distributed across nine issues, strengthening the bank's leading position among financial institutions in the country in terms of listing activity.
It also highlights the growing links between Dubai and Asian markets through renminbi-denominated bonds, which play an increasing role in global capital markets.
This brings the total value of debt instruments listed on Nasdaq Dubai to US$140 billion, cementing the exchange's position as a pivotal hub for fixed income listings in the region.
