Post by : Badri Ariffin

Nasdaq Dubai has reinforced its sustainable finance reputation by listing the New Development Bank’s (NDB) newly launched $50 billion Euro Medium Term Note (EMTN) Programme. This listing signifies a pivotal advancement in expanding the bank’s accessibility to international capital markets and fortifying Dubai's status as a prominent hub for cross-border development financing.

The EMTN Programme provides NDB with a versatile framework to issue debt instruments aimed at funding infrastructure and sustainable development initiatives in BRICS nations, emerging markets, and developing economies. This flexible structure empowers the bank to efficiently raise capital for long-term projects in sectors such as clean energy, transportation, water systems, and digital connectivity.

Currently registered with the Financial Conduct Authority and listed on the London Stock Exchange, the Programme boasts robust credit ratings: “AA” from Fitch and “AA+” from S&P. The multi-listing strategy, now including Nasdaq Dubai, aims to broaden NDB’s reach and enhance its engagement with member countries.

Established by the BRICS nations in 2015, NDB continues to expand its role as a multilayered lender focused on economic growth, social integration, and environmental sustainability. The UAE's membership, which began in 2021 with a contribution of $556 million in capital, has added considerable strength to NDB's operational capabilities. The country's strong fiscal prospects and commitment to green initiatives position it as a key ally within the bank’s framework.

By listing on Nasdaq Dubai, NDB secures access to a diverse pool of regional and international investors, including sovereign funds, central banks, public institutions, and global asset managers. This strategic move reinforces Dubai’s role as a well-regulated financial hub and highlights the emirate’s growing influence in multilateral and sustainable finance.

The new listing is anticipated to bolster NDB’s ongoing growth and create more efficient avenues for funding development goals across its member markets moving forward.

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