Nasdaq Dubai has welcomed the secondary listing of bonds totaling $150 million issued by United Terra Enterprises PLC, marking the company’s initial entry into the stock market.
These unsecured priority debt securities are set to mature on September 10, 2030, with an annual interest rate of 11.5%, payable semi-annually. The bonds have been assigned the International Securities Identification Number (ISIN): USH8969NAA12 and are now listed and accepted for trading on Nasdaq Dubai, settling through international deposit and settlement systems such as Euroclear, Clearstream Banking, and The Depository Trust Company (DTC).
With this listing, the total value of debt instruments listed on Nasdaq Dubai has surpassed $146.9 billion to date, reflecting the ongoing growth of Nasdaq Dubai as a leading international hub for fixed income listings.
Peter Krimben, CEO of United Terra Enterprises, rang the trading session opening bell at Nasdaq Dubai, accompanied by Hamad Ali, CEO of Dubai Financial Market and Nasdaq Dubai, along with several senior executives from both sides.
Significant Milestone
Peter Krimben remarked that the bond listing on Nasdaq Dubai represents a significant milestone for the company. As a secondary listing alongside its Frankfurt listing, it enhances United Terra’s presence across two major financial centers globally and contributes to strengthening our position in international markets.
Ongoing Demand
Hamad Ali stated that the inaugural listing of United Terra reflects the sustained demand from international issuers for capital markets for debt instruments on Nasdaq Dubai. Our platform continues to support a diverse range of fixed income products, providing issuers with effective access to a wide base of regional and international investors, backed by a robust regulatory framework and international settlement standards.