Nasdaq Dubai has announced the listing of Emirates NBD Bank PJSC’s USD 500 million Sustainability-Linked Loan Financing Bond (SLLB), marking the world’s first issuance 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, maturing in 2029, carries a fixed coupon rate of 5.141%. It is part of Emirates NBD’s USD 20 billion Euro Medium Term Note (EMTN) Programme, highlighting the bank’s dedication to sustainability and financial innovation.
Dual-listed on Nasdaq Dubai and Euronext Dublin, the bond has attracted strong interest from regional and international investors. This reflects Dubai's stature as a global hub for sustainable debt markets. Emirates NBD now has USD 5.77 billion in bonds listed on Nasdaq Dubai, spanning nine issuances.
The exchange continues to lead the regional market for ESG-linked securities, with a total of USD 139 billion in listed fixed-income instruments, including USD 30.4 billion in ESG-focused issuances.
To commemorate the milestone, Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD Group, rang the market-opening bell at Nasdaq Dubai. He remarked,
“This bond listing represents a significant milestone in our sustainability journey and underscores our commitment to ESG-compliant financial instruments.”
Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market, added,
“This issuance demonstrates the growing demand for ESG financing solutions and reinforces our mission to support sustainable initiatives across the region.”
Proceeds from the bond will fund or refinance Emirates NBD’s portfolio of Sustainability-Linked Loan assets, aligning with its SLLB Framework, to meet the rising demand for ESG-focused investments.
News Source: Dubai Media Office
