Emirates NBD has signed a $750m 5-year dual tranche financing facility with carrier Emirates Airline on September 30, 2021. The transaction remains competitively priced and marks a first for Emirates Airline as a sales-receivable backed financing structure, aimed to diversify their liquidity pool. Emirates NBD acted as bookrunner, mandated lead arranger and global agent for the transaction. This first-of-its-kind transaction demonstrates Emirates NBD Group’s commitment towards supporting Emirates, the largest airline in the region. As a leading regional bank, we are continuously exploring new and innovative financing solutions to support our valued clients and their long-term objectives.
Emirates NBD listed a $750m bond on Nasdaq Dubai, making the Dubai lender the largest financial services bond issuer on the exchange. Emirates NBD reported Dhs4.8bn in net profit for H1 2021, up 17 per cent year-on-year from Dhs4.09bn recorded during H1 2020. Emirates NBD announced earlier this week that following approval from Reserve Bank of India, it is set to further expand in India.