The listing of a CNY1 billion (US$140 million) bond by Emirates NBD Bank was welcomed by Nasdaq Dubai. The 2.40 percent Notes, which are due in 2028 and are issued under the bank’s 20 billion Euro Medium Term Note (EMTN) Program, represent Emirates NBD’s comeback to the Dim Sum market, which gives international investors access to renminbi-denominated bonds outside of mainland China.
With nine issuances totaling US$5.4 billion in debt securities listed on Nasdaq Dubai since this admission, Emirates NBD has solidified its standing as one of the most active financial institutions in the United Arab Emirates on the market. Through renminbi-denominated bonds, which are becoming more prevalent in global financial markets, the deal also demonstrates Dubai’s expanding ties with Asian markets.
We are happy to make another offering in response to the strong demand for renminbi-denominated bonds outside of mainland China, stated Hesham Abdulla Al Qassim. With the help of large capital inflows into the nation and an alluring product array to satisfy consumer demand, this new issue highlights our strategic focus on building wealth for our clients. Because of its outstanding regulatory structure and great worldwide prominence, Nasdaq Dubai is the perfect platform for our listings. We all work together to strengthen Dubai’s standing as a major international financial center.
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