Dubai: Nasdaq Dubai today welcomed the listing of US$ 750 million bonds by Emirates Development Bank, a key financial enabler of the country’s economic diversification.
The five-year bond issuance has been priced at a yield of 1.639% and was 4 times oversubscribed with a strong demand from investors, as 34% of appetite came from MENA markets, 36% from European markets, 28% from Asian markets and 2% from US offshore market.
The listing reinforces Dubai’s leading position as the largest listing venue in the Middle East for US$ denominated debt listings, with a total value of US$ 96.876 billion.
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About Nasdaq Dubai: Nasdaq Dubai is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, derivatives, Sukuk (Islamic bonds), conventional bonds and Real Estate Investment Trusts (REITS). The majority shareholder of Nasdaq Dubai is Dubai Financial Market with a two-thirds stake. Borse Dubai owns one third of the shares. The regulator of Nasdaq Dubai is the Dubai Financial Services Authority (DFSA). Nasdaq Dubai is located in the Dubai International Financial Centre (DIFC).
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