NDB Launches $50bn EMTN Programme on Nasdaq Dubai

Nasdaq Dubai has significantly strengthened its sustainable finance credentials by listing the New Development Bank’s (NDB) $50 billion Euro Medium Term Note (EMTN) Programme. This pivotal move enhances the bank’s access to global capital markets, further solidifying Dubai as a premier hub for cross-border development financing.

The EMTN Programme offers NDB a versatile means to issue debt instruments that fund vital infrastructure and sustainable development initiatives across BRICS member states, emerging markets, and developing economies. This framework enables the bank to efficiently secure capital for long-term projects in sectors like clean energy, transport, water systems, and digital connectivity.

Having already been registered with the Financial Conduct Authority and listed on the London Stock Exchange, the Programme boasts solid credit ratings, including “AA” from Fitch and “AA+” from S&P. This multi-listing approach, now incorporating Nasdaq Dubai, is designed to broaden NDB’s reach and enhance connections across its member countries.

Established by the BRICS nations in 2015, NDB is enhancing its role as a multilateral lender committed to promoting economic growth, social inclusion, and environmental sustainability. The UAE joined the Bank in 2021 with a capital subscription of $556 million, contributing to NDB’s financial capacity and operational effectiveness. The nation’s strong fiscal outlook, impressive infrastructure plans, and leadership in green development position it as a crucial partner within the Bank’s network.

With its inclusion on Nasdaq Dubai, NDB can directly access a diverse base of regional and global investors, including sovereign funds, central banks, public institutions, and international asset managers. This move not only enhances Dubai’s reputation for large-scale, well-regulated financial initiatives but also emphasizes the emirate’s increasing importance in multilateral and sustainable finance.

The new listing is poised to support NDB’s ongoing growth and create efficient pathways for funding development priorities in its member markets in years to come.