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Start your banking journey with the leading bank in the region.
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Here's how to make the most out of your loan with us.
Visit our dedicated support center for answers to all your banking-related questions.
Our various FX products and services help you conduct your international transactions easily.
Our wide range of transfer options make it easier for you to send money locally and internationally.
Learn all about how you can seamless use our services to transfer money.
Our wealth solutions help you manage your financial future better and achieve your financial goals.
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Everyday banking is a lot easier with our digital banking platforms and services.
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Visit our dedicated support center for answers to all your banking-related questions.
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Introducing Signature, a programme of distinction reserved for the upper crust of Emirates NBD
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Life is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Everyday banking is a lot easier with our digital banking platforms and services.
Learn more about our services and get the most out of your banking relationship with us.
We welcome you to a bespoke banking experience tailored to suit your private banking & wealth management needs, should you, your family, or your business have USD 5 Million (or currency equivalent) and above as Assets Under Management with us.
Dubai, 1 March 2023: Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD Group and Chairman of Emirates Islamic, today rang the market-opening bell at Nasdaq Dubai to celebrate the listings of a one-billion dirham bond from Emirates NBD and a one-billion dirham Sukuk from Emirates Islamic.
These first of their kind Dirham-denominated issuances by a financial institution reflect continued momentum in developing the local currency fixed income market spearheaded by the UAE’s Ministry of Finance’s T-Bond Program.
The three-year bond and Sukuk priced at 5.125% and 5.05% respectively and had a combined order book in excess of AED 4.25 billion, with strong demand from investors in Asia, the Middle East and Europe.
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD Group and Chairman of Emirates Islamic said: “We are proud that Emirates NBD and Emirates Islamic have taken a pioneering role in supporting the UAE’s dirham denominated bond and Sukuk market. Our inaugural local currency bond and Sukuk will play a key role in deepening market liquidity and pave the way for issuers to tap the local currency debt capital market at attractive pricing. Our dirham denominated bond and Sukuk, the first to be issued by a UAE bank, will also facilitate access to financing for local businesses. The Group remains committed to being at the forefront of innovation and an integral part of the Ministry of Finance’s drive to create a medium-term yield curve, which will enhance the dynamism of our capital markets and promote sustainable long-term economic growth.”
Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), said: “We would like to congratulate Emirates NBD and Emirates Islamic on becoming the first financial institutions to issue dirham-denominated bonds and Sukuk respectively, following the development of the dirham yield curve by the UAE Ministry of Finance. These pioneering transactions support the UAE's strategy in developing the local debt capital markets. At Nasdaq Dubai, we are proud to participate in realizing this objective through our progressive ecosystem that creates numerous capital markets’ opportunities for issuers and investors alike.”
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