16 Apr, 2019Emirates NBD rings market-opening bell to celebrate listing of a USD one billion bond on Nasdaq Dubai

• Emirates NBD issued USD 1 billion Additional Tier 1 security attracting large international demand

• Emirates NBD is largest conventional bond issuer on the exchange with 8 issuances valued at USD 5.28 billion

Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD, one of the region’s leading banks, rang the market-opening bell today at Nasdaq Dubai to celebrate the listing of a one billion US dollar conventional bond.

The capital raised by the issue supports Emirates NBD’s regional and international business across diverse services including retail, wholesale and investment banking, private banking, asset management, global markets & treasury and brokerage operations and Islamic banking.

Emirates NBD is the largest issuer of conventional bonds on Nasdaq Dubai with a total nominal value of 5.28 billion US dollars from eight listings.

Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD said: "As we make use of long-term funding opportunities to further develop our banking services for businesses and individuals, our strong links with Nasdaq Dubai provide us with a high international profile and excellent regulatory framework for our bonds. Our latest issuance was well received by a wide range of investors across Europe, Asia and the Middle East, demonstrating their confidence in the ongoing performance of Emirates NBD."

His Excellency Essa Kazim, Governor of Dubai International Financial Centre and Chairman of Dubai Financial Market, said:"The listing of Emirates NBD’s latest bond demonstrates the commitment of Dubai’s leading financial services institutions to collaborate for their common benefit, by making effective use of the region’s capital markets. Dubai will continue to enhance its listing infrastructure on behalf of UAE and overseas issuers and investors."

The total value of all conventional bonds listed on Nasdaq Dubai has now reached 18.08 billion US dollars. Dubai is also the largest centre in the world for listed Sukuk by value at 59.39 billion US dollars.

Abdul Wahed Al Fahim, Chairman of Nasdaq Dubai, said: "Nasdaq Dubai is delighted to support the capital-raising requirements of Emirates NBD as part of our commitment to facilitating the expansion and development of leading institutions that benefit the public and

the economy. As the region’s international financial exchange, we will look forward to further bond listings from a range of private and public sector issuers."

Shayne Nelson, Group CEO of Emirates NBD, said: "We were extremely pleased with the international investor demand for our latest public issue, with two-thirds of the issue placed outside the MENA region. We find the listing process on Nasdaq Dubai straightforward and investors can take comfort from the ongoing regulatory requirements of listing on Nasdaq Dubai."

Hamed Ali, Chief Executive of Nasdaq Dubai, said: "Our exchange infrastructure and the global visibility that we provide are well positioned to support Emirates NBD as the bank further develops its mission as a major provider of financial services to corporate and individual clients. We look forward to strengthening our longstanding relationship with the Emirates NBD Group, whose activities on Nasdaq Dubai cover equities brokerage services as well as issuance."

Emirates NBD’s latest bond listed on Nasdaq Dubai on March 20, 2019.