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|21 March, 2019

Nasdaq Dubai welcomes listing of $1bln bond by Emirates NBD

Total value of all conventional bonds and Sukuk on Nasdaq Dubai has now reached $77.28bln

A view of Emirates NBD head office in Dubai, UAE January 30, 2018. Image used for illustrative purpose.

A view of Emirates NBD head office in Dubai, UAE January 30, 2018. Image used for illustrative purpose.

REUTERS/Satish Kumar

DUBAI - Nasdaq Dubai has welcomed the listing of a US$1 billion conventional bond by Emirates NBD.

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.

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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). Emirates NBD’s latest bond listed on 20th March, 2019.

© Copyright Emirates News Agency (WAM) 2019.

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