NDB Launches USD 50bn EMTN Programme on Nasdaq Dubai

Post by : Bianca Suleiman

Nasdaq Dubai has enhanced its sustainable finance credentials with the introduction of the New Development Bank’s (NDB) USD 50 billion Euro Medium Term Note (EMTN) Programme to its platform. This significant listing underscores NDB's improved access to global capital markets while solidifying Dubai’s role as a premier hub for international development financing.

The EMTN Programme provides NDB with a versatile avenue for issuing debt instruments that support infrastructure and sustainable development initiatives across BRICS nations, emerging markets, and developing economies. This framework permits the bank to efficiently acquire funding as required for long-term projects in clean energy, transportation, water systems, digital connectivity, and various growth-oriented sectors.

Having already secured listings on the Financial Conduct Authority’s official register and the London Stock Exchange, the Programme has received robust credit ratings of “AA” from Fitch and “AA+” from S&P. This multi-listing approach, which now incorporates Nasdaq Dubai, is intended to broaden NDB’s reach and enhance its engagement with member countries.

Established by the BRICS nations in 2015, NDB is increasingly functioning as a multilateral lender committed to economic growth, social inclusivity, and environmental sustainability. The UAE entered the Bank in 2021, contributing USD 556 million in capital, thereby enriching NDB’s financial resources and operational capabilities. The nation’s favorable fiscal outlook, extensive infrastructure initiatives, and leadership in green development have established it as a vital ally within the Bank's framework.

With the launch on Nasdaq Dubai, NDB secures direct access to a varied regional and international investor network, which includes sovereign funds, central banks, public entities, and global asset managers. This development solidifies Dubai’s reputation for nurturing expansive, well-regulated financial initiatives and emphasizes the emirate’s advancing position in multilateral and sustainable finance.

The new listing is anticipated to facilitate NDB’s ongoing growth and provide efficient pathways to finance developmental goals across its member nations in the foreseeable future.