Nasdaq Dubai has welcomed the listing of the New Development Bank’s Euro Medium Term Notes (EMTN) programme, which is valued at $50 billion. This marks a significant milestone for the bank in enhancing its access to global capital markets and solidifying Dubai’s position as a leading international hub for sustainable finance.
Hamed Ali, CEO of Dubai Financial Market and Nasdaq Dubai, stated, “We are pleased to welcome the $50 billion Euro Medium Term Notes programme from the New Development Bank, which plays a vital role in supporting sustainable infrastructure across BRICS nations and emerging economies. This achievement affirms Dubai’s status as a leading platform for global development finance and reflects our commitment to facilitating capital flows that accelerate economic growth, enhance environmental sustainability, and create long-term value.”
Monali Ratsuma, Vice President and Chief Financial Officer of the New Development Bank, remarked, “The launch of the programme at Nasdaq Dubai represents a pivotal moment for the bank, allowing us to tap into a broad and diverse investor base to raise long-term capital for infrastructure and sustainable development projects in member countries. This aligns with the bank’s strategy to broaden its funding sources across global markets and varied investor categories.”
Debt Instruments
The Euro Medium Term Notes programme provides a flexible framework enabling the New Development Bank to issue debt instruments for financing infrastructure and sustainable development projects in member countries as well as emerging and developing economies. The bank currently has a $50 billion programme registered with the UK’s Financial Conduct Authority and listed on the London Stock Exchange. The multiple launches of this programme, including the listing on Nasdaq Dubai, are part of a strategic initiative to enhance the bank’s presence in member nations and support its financial platforms. The UAE’s membership in the New Development Bank illustrates its strategic commitment to expanding cooperation with emerging economies and reinforcing partnerships that foster sustainable development worldwide.
The launch at Nasdaq Dubai is an additional step in this partnership, providing the bank with access to an advanced ecosystem of regional and international institutional investors, including sovereign wealth funds, central banks, official institutions, and global asset managers. Furthermore, this launch enhances Dubai’s role in multilateral financing, showcasing Nasdaq Dubai’s capabilities to host large and complex programmes within a globally recognized transparent regulatory framework.