Nasdaq Dubai today welcomed the listing of US$ 750 million bonds by Emirates Development Bank, a key financial enabler of the country’s economic diversification.
The five-year bond issuance has been priced at a yield of 1.639% and was 4 times oversubscribed with a strong demand from investors, as 34% of appetite came from MENA markets, 36% from European markets, 28% from Asian markets and 2% from US offshore market.
The listing reinforces Dubai’s leading position as the largest listing venue in the Middle East for US$ denominated debt listings, with a total value of US$ 96.876 billion.
