02.04.2013 - Nasdaq Dubai welcomes $750mln Emirates NBD bond to its market
Nasdaq Dubai, the Middle East's international financial exchange, welcomed the listing of a seven hundred and fifty million US Dollar conventional bond issued by Dubai-based Emirates NBD. The listing by one of the region's leading banking groups further expands Dubai's role as a major listing venue for fixed income securities. It brings the nominal value of conventional bonds and Sukuk (Islamic bonds) on Dubai exchanges to $19.70bn. The issue was 3 times oversubscribed with more than 160 orders received from regional and international investors. 47% of the bond was allocated to MENA based investors, 28% was allocated to investors based in Asia and 25% was allocated to investors based in Europe...............................................Full Article: Source
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