The bond is the world’s first SLLB issued under the new ICMA/LMA framework
The issuance strengthens Dubai’s position as a global hub for ESG-linked financial instruments,
contributing to Nasdaq Dubai’s total outstanding value of USD 139 billion in fixed-income listings.
Nasdaq Dubai welcomed the listing of Emirates NBD
Bank PJSC’s, USD 500 million Sustainability-Linked Loan Financing Bond (SLLB), the
world’s first SLLB issued under the new International Capital Market Association (ICMA)
and Loan Market Association (LMA) framework.
Rated A2/A+ by Moody’s and Fitch, the five-year bond carries a fixed coupon rate of
5.141% and matures in 2029. It is issued under Emirates NBD’s USD 20 billion EMTN
(Euro Medium Term Note) Programme, reinforcing the Bank’s commitment to
sustainability and innovation in financial markets.
The issuance of the dual-listed bond on Nasdaq Dubai and Euronext Dublin, reflects
strong interest from both regional and international investors, further underscoring
Dubai’s position as a leading global hub for sustainable and innovative debt capital
markets. Emirates NBD’s latest issuance increases the Bank’s total value of bonds
currently listed on Nasdaq Dubai to USD 5.77 billion, spanning 9 listings
Nasdaq Dubai continues to solidify its position as the premier platform for regional and
global fixed-income and ESG-related listings. The exchange boasts an outstanding total
value of USD 139 billion in listed fixed-income securities, with USD 30.4 billion
dedicated to ESG-focused issuances, further enhancing Dubai’s reputation as the
gateway for investors seeking diverse investment opportunities.
To celebrate this listing, Hesham Abdulla Al Qassim, Vice Chairman and Managing
Director of Emirates NBD Group rang the market opening bell at Nasdaq Dubai,
alongside Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market.
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates
NBD Group, said: ‘We are proud to list the world’s first Sustainability-Linked Loan
Financing Bond that is issued under the new ICMA/LMA framework, on Nasdaq Dubai.
This not only marks an important milestone in our sustainability journey as a Bank but
also serves as a testament to our commitment to supporting the evolving needs of
capital markets, investors and our customers for ESG-compliant financial instruments.”
Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), said: “We
welcome Emirates NBD’s Sustainability-Linked Loan Financing Bond to Nasdaq Dubai.
