UAE's Emirates NBD Issues $500M Green Financing Bond

Shayne Nelson, Emirates NBD CEO

Emirates NBD, the UAE's second-largest bank, has issued a $500 million sustainability-linked loan (SLL) bond at initial pricing of Treasuries +125 bps. The bond, maturing on 26 November 2029, will see annual interest payments starting 26 May 2025.

The Reg S senior unsecured notes, rated A2/A+ by Moody's and Fitch, are listed on Euronext Dublin and NASDAQ Dubai. Emirates NBD Capital and HSBC Bank acted as sustainability structuring agents, with HSBC also handling billing and delivery.

Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Industrial and Commercial Bank of China, and Société Generale are joint lead managers and bookrunners. Issued under the bank's $20 billion Euro Medium Term Note programme, the proceeds will fund the SLL Funding Assets Portfolio, supporting sustainable financing goals.

Source: Bindu Rai / Zawya