Nasdaq Dubai welcomes listing of US$750 million bond by Emirates Development Bank

Dubai, United Arab Emirates, March 7, 2019

DUBAI, 6th March, 2019 (WAM) -- Nasdaq Dubai welcomed the listing today of a US$750 million conventional bond by Emirates Development Bank, EDB. It is the first product to be listed on the exchange by the bank, which is wholly owned by the UAE government.

The listing supports EDB’s mission which includes contributing to the economic prosperity of UAE nationals by providing financing solutions for housing, as well as financing and banking services to the small and medium-sized enterprise, SME, sector.

The total value of all conventional bonds and Sukuk on Nasdaq Dubai has now reached US$77.78 billion from 99 listings. EDB’s bond was the first conventional bond listing of 2019 on the exchange.

Nasdaq Dubai is the largest exchange in the world for listed Sukuk at US$60.69 billion.