Nasdaq Dubai has welcomed the listing of a $750 million conventional bond by Emirates Development Bank (EDB).
It is the first product to be listed on the exchange by the bank, which is wholly owned by the UAE government.
EDB said in a statement that the listing supports its mission which includes contributing to the economic prosperity of UAE nationals by providing financing solutions for housing, as well as financing and banking services to the SME sector.
The total value of all conventional bonds and sukuk on Nasdaq Dubai has now reached $77.78 billion from 99 listings.
EDB’s bond was the first conventional bond listing of 2019 on the exchange.
Nasdaq Dubai is the largest exchange in the world for listed sukuk at $60.69 billion.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.