Media ININ Economy We Trust
06-03-2019 Media in\ Dubai
NASDAQ Dubai today welcomed the listing of conventional bonds from the Emirates Development Bank for US $ 750 million.
The bonds are the first product to be listed on the exchange and fully owned by the UAE government.
The listing supports the Emirates Development Bank’s mission to contribute to the economic prosperity of UAE nationals by providing financing solutions for housing as well as providing financing and banking services to the SME sector.
The total value of conventional bonds and instruments listed on NASDAQ Dubai is currently US $ 77.78 billion from 99 listings. The bonds listed by the Bank represent the first listing of conventional bonds on the ASE in 2019.
Emirates NBD Capital and Standard Chartered Bank are the global co-ordinators for the listing. The joint account managers are Emirates NBD Capital, China Industrial and Commercial Bank, Dubai International Financial Center, Standard Chartered Bank and Union National Bank Common in the listing process.
