Nasdaq Dubai Welcomes Emirates NBD's CNY1 Billion Bond Listing To Enhance Funding Base

Emirates NBD Bank has listed a CNY1 billion (US$140 million) bond on Nasdaq Dubai. This bond, part of the bank's US$20 billion Euro Medium Term Note Programme, offers a 2.40 percent interest rate and is set to mature in 2028. This marks the bank's return to the Dim Sum market, allowing global investors access to renminbi-denominated bonds outside China.

The listing of this bond highlights Emirates NBD's strategy to diversify its funding sources. It also reflects strong investor interest in high-quality issuances from UAE financial institutions. With this addition, Emirates NBD now has US$5.4 billion in debt instruments listed on Nasdaq Dubai across nine different issuances.

This transaction underscores Dubai's growing connections with Asian markets through renminbi-denominated bonds. These bonds are increasingly significant in international capital markets, enhancing Dubai's role as a global financial hub. The total outstanding value of debt securities on Nasdaq Dubai has reached US$140 billion, reinforcing its position as a leading fixed-income hub in the region.

Hesham Abdulla Al Qassim, Vice Chairman and Managing Director at Emirates NBD, marked the occasion by ringing the market-opening bell at Nasdaq Dubai. He was joined by Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). Al Qassim expressed satisfaction with meeting demand for renminbi-denominated bonds outside mainland China.

Al Qassim stated, "We are pleased to issue yet another offering catering to an active demand for renminbi-denominated bonds outside mainland China. This new issuance underscores our strategic focus on wealth creation for our clients, supported by significant capital inflows to the country and an attractive product portfolio to meet customer appetite. Nasdaq Dubai is the ideal platform for our listings, owing to its high international profile and exceptional regulatory framework. Together, we contribute to reinforcing Dubai’s position as a leading global financial hub."

Hamed Ali commented on the significance of this listing: "Dubai’s international exchange continues to provide a trusted platform for UAE issuers to reach global investors. Emirates NBD’s Dim Sum bond underlines the growing appeal of our market and the ability of leading institutions to diversify their funding across currencies and geographies. This listing further strengthens Dubai’s role as a leading centre for debt capital markets and expands the opportunities available to our international investor base."

The listing not only enhances Emirates NBD's presence on Nasdaq Dubai but also emphasizes the increasing importance of renminbi-denominated bonds in global finance. As these bonds gain traction, they contribute significantly to expanding opportunities for international investors.

With inputs from WAM