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Emirates NBD lists $1bn conventional bonds on Nasdaq Dubai

Emirates NBD lists $1bn conventional bonds on Nasdaq Dubai
The total value of all conventional bonds and sukuk on Nasdaq Dubai reached $77.28 billion.
Emirates NBD
EMIRATESNBD
1.16% 17.50 0.20

Dubai – Mubasher: Nasdaq Dubai on Thursday announced that it has welcomed the listing of $1 billion conventional bonds by Emirates NBD.

The new listing props up the bank’s activities as one of the region’s leading banking group including Islamic banking, investment banking, private banking, asset management, global markets and treasury and brokerage operations, the international stock exchange said in a statement.

The Dubai-based bank is the largest issuer of conventional bonds on Nasdaq Dubai with a total nominal value of $5.28 billion from eight listings.

It is worth noting that the total value of all conventional bonds and sukuk on Nasdaq Dubai 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.

The Legal Advisor to the Joint Lead Managers was Norton Rose Fulbright (Middle East).

By the end of Thursday’s session, Emirates NBD’s stock rose 1.01% at AED 10.