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The raised proceeds will enable the bank to support its customers and the UAE economy's comprehensive recovery from the coronavirus (COVID-19) impact, according to a press release on Wednesday.
With a coupon of 1.638%, the lowest on a five-year benchmark transaction from the bank, the conventional bonds have attracted $2.3 billion in orders from more than 140 investors.
Emirates NBD had six listings valued at $4.35 billion on Nasdaq Dubai, making the bank the largest financial services bond issuer on the exchange.
The Vice Chairman and Managing Director of Emirates NBD, Hesham Abdulla Al Qassim, said: "As the UAE prepares for durable economic recovery from the disruption caused by COVID-19, we are delighted to play a role in promoting economic and social wellbeing in line with the effective policies of the national leadership."
Meanwhile, the Chairman of Nasdaq Dubai, Abdul Wahed Al Fahim, remarked: "The exchange is positioned to play a growing role in expanding Dubai’s capital markets leadership in the region and connecting a widening range of issuers and investors."
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