PHOTO
Emirates NBD has kicked off 2026 with a sustainability-linked dual tranche dollar-denominated mandate.
Roadshows have commenced for a three-year blue bond and a five-year green bond. The senior unsecured Reg S fixed rate benchmark offerings will come under ENBD’s $20 billion Euro Medium Term Note Programme.
The UAE lender, rated A1 (stable) by Moody’s and A+ (stable) by Fitch, has mandated Citi, Emirates NBD Capital, HSBC, Mizuho, Societe Generale and Standard Chartered Bank as joint lead managers and joint bookrunners to arrange a series of fixed income investor calls, commencing Monday.
In accordance with ENBD’s Sustainable Finance Framework, the bank – UAE’s second largest by assets – intends to allocate an amount equal to the net proceeds of the bonds to finance or refinance a subset of eligible green loans, Shariah-compliant financings, or investments which contribute to a sustainable blue economy for the blue bonds.
Citi and Emirates NBD Capital are acting as joint sustainability structurers.
The bonds will be listed on Nasdaq Dubai and Euronext Dublin.
FCA/ICMA stabilisation applies.
(Writing by Bindu Rai, editing by Seban Scaria)
