Nasdaq Dubai has celebrated the listing of Emirates NBD Bank PJSC’s $500 million Sustainability-Linked Loan Financing Bond (SLLB), marking it as the first-ever SLLB issued under the newly established framework by the International Capital Market Association (ICMA) and the Loan Market Association (LMA).
According to the statement, rated A2/A+ by Moody’s and Fitch, the five-year bond carries a fixed coupon rate of 5.141 percent and matures in 2029. It is issued under Emirates NBD’s $20 billion EMTN (Euro Medium Term Note) Program, reinforcing the Bank’s commitment to sustainability and innovation in financial markets.
To celebrate this listing, Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD Group rang the market opening bell at Nasdaq Dubai, alongside Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market.
Hesham Abdulla Al Qassim Vice-Chairman & MD Emirates NBD
“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. This not only marks an important milestone in our sustainability journey as a Bank but also serves as a testament to our commitment to supporting the evolving needs of capital markets, investors, and our customers for ESG-compliant financial instruments.”
Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), said that, “We welcome Emirates NBD’s Sustainability-Linked Loan Financing Bond to Nasdaq Dubai. The exchange continues to play a key role in providing issuers with access to capital to support their sustainable initiatives. This milestone issuance marks an important step in our shared mission to expand the availability of ESG financing solutions in the region.”
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 9 listings.
As per the statement, proceeds from the bond will be allocated to finance or refinance Emirates NBD’s portfolio of Sustainability-Linked Loan (SLL) assets, by its Sustainability-Linked Loan Financing Bond (SLLB) Framework. This issuance underscores the growing demand for ESG-focused financial instruments in regional and global markets.
