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Nasdaq Dubai welcomes $1bn Emirates NBD bond listing

DUBAI, March 22, 2019

Nasdaq Dubai, the region's international exchange, has welcomed the listing of a $1-billion conventional bond by leading UAE bank Emirates NBD.

With this listing yesterday (March 20), the total value of all conventional bonds and sukuk on Nasdaq Dubai has now reached $77.28 billion, said a statement from Nasdaq Dubai.

The listing supports Emirates NBD’s activities as one of the region’s leading banking groups, including Islamic banking, investment banking, private banking, asset management, global markets and treasury and brokerage operations.

Emirates NBD is the largest issuer of conventional bonds on Nasdaq Dubai with a total nominal value of $5.28 billion from eight listings.

The total value of all conventional bonds and Sukuk on Nasdaq Dubai has now reached $77.28 billion.

The Joint Lead Managers for Emirates NBD’s latest bond were BNP Paribas, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Nomura International and Standard Chartered Bank.

The Legal Advisor to Emirates NBD as Issuer was Clifford Chance, and the Legal Advisor to the Joint Lead Managers was Norton Rose Fulbright (Middle East).-TradeArabia News Service




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