Former captain Shakib has not played a T20 since July 2023
cricket50 minutes ago
Emirates NBD marked the first public debt issuance from the UAE in 2021 by listing $750 million conventional bond. The proceeds will assist the bank to support customers and the wider UAE economy in achieving comprehensive recovery from the effects of Covid-19.
The five-year bond — listed on Nasdaq Dubai on January 13, 2021— pays a coupon of 1.638 per cent, the lowest ever coupon on a five-year benchmark transaction from Emirates NBD. The issuance attracted $2.3 billion in orders from over 140 accounts with 49 per cent of appetite coming from Asia, 35 per cent from Europe, 11 per cent from Mena and five per cent from the US and elsewhere.
Hesham Abdulla Al Qassim, vice chairman and managing director of Emirates NBD, who rang the market-opening bell at Nasdaq Dubai to celebrate the listing, said: “Our successful issuance of the first public bond out of the UAE in 2021 reflects our commitment to support our retail and business customers and strengthen our provision of vital services to enable them to prosper. As the UAE prepares for durable economic recovery from the disruption caused by Covid-19, we are delighted to play a role in promoting economic and social wellbeing in line with the effective policies of the national leadership.”
Emirates NBD is further developing its services including retail banking and wealth management, corporate and institutional banking, global markets and treasury and Islamic banking. In particular, it is expanding its pioneering focus on digital banking innovation.
Essa Kazim, governor of Dubai International Financial Centre and chairman of Dubai Financial Market (DFM), said: “The listing of Emirates NBD’s latest bond on the region’s international financial exchange demonstrates the capacity of the UAE’s leading financial services institutions to collaborate effectively in capital markets transactions that benefit investors and strengthen the economy. Dubai will continue to enhance its listing infrastructure on behalf of UAE and overseas issuers and market participants.”
Emirates NBD is the largest financial services bond issuer on Nasdaq Dubai with six listings valued at $4.35 billion.
Abdul Wahed Al Fahim, chairman of Nasdaq Dubai, said: “Following a record year for new debt listings in 2020, we look forward to hosting many significant listings in 2021 from prominent issuers from the UAE, the wider Middle East and globally. The exchange is positioned to play a growing role in expanding Dubai’s capital markets leadership in the region and connecting a widening range of issuers and investors.”
Dubai is the largest venue in the Middle East for dollar denominated debt listings, with a total value of $91.1 billion. Nasdaq Dubai’s new sukuk and conventional bond listings in 2020 reached an annual record of $19.15 billion, up eight per cent from the previous record of $17.7 billion in 2019.
Shayne Nelson, group ceo of Emirates NBD, said: “The success of our latest bond issuance and the strong appetite from global investors reflect the sound strategies that Emirates NBD is pursuing and strong market confidence in the economy of Dubai and the UAE. Nasdaq Dubai provides us with excellent links to investors in the region and globally together with high public visibility.”
Hamed Ali, chief executive of Nasdaq Dubai and deputy chief executive of DFM, said: “We are delighted to provide fresh support for Emirates NBD’s beneficial and innovative financial services activities as the UAE economy prepares for further development in 2021. Dubai’s exchanges are committed to strengthening the Emirate’s role as a centre for capital-raising and promoting regional and international investor flows.”
— business@khaleejtimes.com
Former captain Shakib has not played a T20 since July 2023
cricket50 minutes ago
The 2019 Open Championship winner teamed up with Rory McIlroy to win the recent Zurich Classic of New Orleans team event
sports1 hour ago
He said that his son Rohan, a pilot, often jokes about the reactions he gets when making announcements as the captain
uae1 hour ago
PFL Mena will put the spotlight on fighters from this region, which features a strong contingent from Jordan
sports1 hour ago
The parents empasised that their relationship with their children has grown stronger and more affectionate since the incident
uae1 hour ago
Gulf countries will put in place the system to launch the single tourist visa by the end of the year
visa and immigration in uae1 hour ago
The stonefish's venom is powerful enough to kill humans, but there have been no recorded fatalities in Australia
asia1 hour ago
Regulations will be applied across public buildings, streets, parks, beaches, private spaces, among others, and violators shall be granted a grace period to adjust their lighting accordingly
uae1 hour ago