The five-year bond issuance reportedly witnessed strong demand from investors, with 34 per cent of that demand coming from MENA markets, 36 per cent from European markets, 28 per cent from Asian markets and 2 per cent from the US offshore market. The EDB bonds were listed on Nasdaq Dubai on June 15, 2021, making Dubai’s one of the largest listing venues in the Middle East for US-dollar denominated debt listings, with a total value of $98.5bn. These transactions, including the new bond listing from EDB, clearly indicates their deep confidence in the robust listing framework of Nasdaq Dubai online with the requirements of prominent corporations and investors.
The successful second issuance of our $750m bond issue, which was oversubscribed four times, reflects the global and local investor confidence in our strategy to support UAE’s economic diversification plans. The program will be fundamental to support individuals, SMEs, and corporates across priority industrial sectors in the UAE to build a knowledge-based economy.