UAE - Mubasher: Emirates Development Bank (EDB) has celebrated the listing of $750 million bonds on Nasdaq Dubai.
The five-year bond issuance has witnessed strong demand from investors, of which 34% came from MENA, 36% from Europe, 28% from Asia, and 2% from the US offshore market, according to a press release on Tuesday.
The EDB bonds have been listed on the international financial exchange on 15 June 2021, strengthening Dubai’s position as the largest listing venue in the Middle East for US dollar-denominated debt listings, with a total value of $98.5 billion.
The CEO of EDB, Ahmed Mohamed Al Naqbi, said: "The successful second issuance of our $750 million bond issue, which was oversubscribed four times, reflects the global & local investor confidence in our strategy to support UAE’s economic diversification plans."
Meanwhile, the CEO of Nasdaq Dubai and Deputy CEO of DFM, Hamed Ali, said: "The issuance also underlines corporations’ commitment to play a pivotal role in financing the economic development."
