Post by : Bianca
Haleem
Nasdaq Dubai has welcomed the secondary listing of a USD 150 million bond issued by United Terra Enterprises PLC, an energy company with a diversified portfolio of conventional and renewable energy projects. This marks the company’s first listing on Nasdaq Dubai.
The senior unsecured notes carry an interest rate of 11.5% per annum, payable semi-annually, and will mature on 10 September 2030. The bonds are assigned ISIN USH8969NAA12 and are available for trading on Nasdaq Dubai. Settlement will take place through international clearing systems including Euroclear, Clearstream Banking, and The Depository Trust Company (DTC).
To celebrate the listing, Peter Krempin, CEO of United Terra, rang the market-opening bell at Nasdaq Dubai. He was joined by Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), along with senior representatives from both organizations.
Peter Krempin said, “The listing of the Bonds on Nasdaq Dubai represents a significant milestone for the Company. As a secondary listing alongside Frankfurt, it strengthens our international market presence and enhances the visibility of United Terra Enterprises globally.”
Hamed Ali added, “United Terra Enterprises PLC’s debut listing highlights the ongoing interest of international issuers in Nasdaq Dubai’s debt capital markets. Our platform offers efficient access to regional and global investors, backed by a strong regulatory framework and international settlement standards.”
With this listing, the total value of debt securities on Nasdaq Dubai now exceeds USD 146.9 billion, reinforcing its position as a leading global hub for fixed income listings.
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