Emirates NBD has listed its $500 million Sustainability-Linked Loan Financing Bond (SLLB) on Nasdaq Dubai, the world’s first SLLB issued under the new International Capital Market Association and Loan Market Association framework.
Rated A2/A+ by Moody’s and Fitch, the five-year bond carries a fixed coupon rate of 5.141% and matures in 2029. It is issued under Emirates NBD’s $20 billion Euro Medium Term Note Programme, reinforcing the bank’s commitment to sustainability and innovation in financial markets.
The issuance of the dual-listed bond on Nasdaq Dubai and Euronext Dublin reflects strong interest from both regional and international investors, further underscoring Dubai’s position as a leading global hub for sustainable and innovative debt capital markets.
Emirates NBD’s latest issuance increases the bank’s total value of bonds currently listed on Nasdaq Dubai to $5.77 billion, spanning nine listings.
“We are proud to list the world’s first Sustainability-Linked Loan Financing Bond that is issued under the new ICMA/LMA framework on Nasdaq Dubai,” said Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD Group.
Al Qassim said the listing not only marks an important milestone in the bank’s sustainability journey but also serves as a testament to its commitment to supporting the evolving needs of capital markets, investors, and customers for ESG-compliant financial instruments.
Proceeds from the bond will be allocated to finance or refinance Emirates NBD’s portfolio of Sustainability-Linked Loan assets. The issuance underscores the growing demand for ESG-focused financial instruments in regional and global markets.
Nasdaq Dubai boasts an outstanding total value of $139 billion in listed fixed-income securities, with $30.4 billion dedicated to ESG-focused issuances, further enhancing Dubai’s reputation as the gateway for investors seeking diverse investment opportunities.
