Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has won the ‘Financial Institutions Bond Deal of the Year’ at the Bonds, Loans & Sukuk Middle East Awards 2024, while its investment banking arm, Emirates NBD Capital, secured notable house award wins for ‘Sukuk House of the Year’ and ‘High Yield Debt House of the Year’.
Emirates NBD received the ‘Financial Institutions Bond Deal of the Year’ award for its USD 750 million debut green bond in 2023, the largest ever issued by a bank in the MENAT region and Emirates NBD’s first green offering on Nasdaq Dubai. The accolade highlights the bank's ongoing commitment to sustainable financing, aligning with global environmental standards and contributing to the development of green financial markets in the region.
Emirates NBD Capital had a successful year, enhancing the regional capital market by facilitating diverse financing options. It achieved recognition, ranking top three in the International Sukuk League Tables for 2023 with over 20 deals totaling USD 29 million across 44 tranches. Their pivotal role in AED-denominated issuances and coordinating Emirates Investment Bank's local currency issuance highlighted their leadership in managing significant regional transactions.
Commenting on the achievement, Ammar Al Haj, Group Treasurer and Head of Global Markets of Emirates NBD, said:
“This recognition underlines Emirates NBD’s leading role in advancing sustainable financing within the region. The success of our USD 750 million green bond issuance is a testament to our commitment to environmental stewardship and innovation in capital markets. We are dedicated to developing financial products that not only meet the needs of our clients but also contribute positively to the regional and global sustainability agenda.”
Hitesh Asarpota, CEO of Emirates NBD Capital, added:
“It has been a remarkable year for Emirates NBD Capital, during which we have set new standards by providing premier financing solutions to corporates, institutions, and sovereigns. Our involvement in more than 20 Sukuk deals and our leadership in local currency issuances have reinforced our status as a trusted partner in the MENAT region. This award underscores our dedication to offering customized financial services that help our clients meet their strategic goals. As we move forward, our focus remains on nurturing strong capital markets and spearheading the growth and diversification of the region's financial ecosystem.”
The Bonds, Loans & Sukuk Middle East Awards ceremony was held in June 2024 in Dubai.
News Source: Dubai Media Office
