Emirates NBD has completed a USD 1 billion dual-tranche sustainable bond issuance, marking a major milestone for ESG financing in the UAE and the wider GCC.
The transaction is the largest Blue Bond ever issued in the region and the largest dual-tranche Blue-Green bond issued globally by a financial institution.
The issuance was completed under the bank’s Euro Medium Term Note Programme and comprised a USD 300 million Blue tranche with a three-year tenor and a USD 700 million Green tranche with a five-year tenor. The bonds were offered through a public issuance and are dual listed on Euronext Dublin and Nasdaq Dubai.
Proceeds from the bonds are aligned with the United Nations Sustainable Development Goals, specifically SDG 14 on Life Below Water and SDG 13 on Climate Action. Funds will support marine conservation, sustainable water management, and green initiatives in line with Emirates NBD’s Sustainable Finance Framework, which was updated in November 2025.
The transaction attracted strong demand from global ESG-focused investors, reflecting confidence in Emirates NBD’s credit profile and sustainability strategy. T. Rowe Price participated in the Blue tranche, reinforcing institutional support for blue economy financing.
The bonds adhere to ICMA Green Bond Principles and emerging Blue Bond guidelines, with a clear use-of-proceeds structure and governance framework. Emirates NBD Capital, Citibank, HSBC, Mizuho, Standard Chartered, and Société Générale acted as joint lead managers and bookrunners, with Clifford Chance and Linklaters serving as legal advisers.
The issuance further positions Emirates NBD as a regional leader in sustainable finance and reinforces the UAE’s broader environmental and climate objectives.
News Source: Dubai Media Office
