Dubai – Mubasher: Nasdaq Dubai on Wednesday announced that it has welcomed listing $750 million conventional bonds by Emirates Development Bank (EDB), the bank’s first listing on the exchange.

The listing supports the bank to provide financing solutions for housing, as well as financing and banking services to the UAE’s SME sector, the international stock exchange in the Middle East said in a statement.

EDB’s bond was the first conventional bond listing of 2019 on the exchange, the statement added. 

The total value of all conventional bonds and sukuk on Nasdaq Dubai has now reached $77.78 billion from 99 listings.

The global coordinators of the lender’s bond listing were Emirates NBD Capital and Standard Chartered Bank.

Emirates NBD Capital, Industrial and Commercial Bank of China, Dubai (DIFC) branch, and Standard Chartered Bank acted as joint bookrunners, while Union National Bank was a joint lead manager.

It is worth noting that Nasdaq Dubai is the largest exchange in the world for listed Sukuk at $60.69 billion.