Emirates NBD dual-lists USD 500 mn sustainability-linked loan financing bond on Nasdaq and Euronext Dublin: Emirates NBD bank listed its USD 500 mn sustainability-linked loan financing bond (SLLB) on Nasdaq Dubai and Euronext Dublin, according to the Dubai Media Office. The offering is deemed the world’s first SLLB issued under the new International Capital Market Association (ICMA) — headquartered in Zurich, London, Paris Hong Kong — and the Loan Market Association (LMA) framework.
Remember- The Emirati bank first launched the USD 500 mn five-year SLLB at initial price thoughts of 125 bps over US Treasuries back in November. The issuance was marked as the bank’s first sustainability-linked issuance.
This latest debt issuance increases Emirate NBD’s total value of bonds currently listed on Nasdaq Dubai to USD 5.8 bn, spanning nine different listings.