Back
Listed
Sukuk
Wakalah
Emirates NBD USD 1bn Senior Sukuk 2029
Emirates NBD · United Arab Emirates
Senior unsecured sukuk from Dubai's largest banking group.
Key terms
- Issuer profile
- Emirates NBD
- ISIN
- XS2531125577
- Structure
- Wakalah
- Issue size
- $1B
- Ccy
- USD
- Minimum investment
- $200,000
- Payment frequency
- semi-annual
- Listing venue
- Nasdaq Dubai
- Governing law
- English law
Pricing
- Profit rate
- 4.75% (fixed)
- Indicative price
- 99.34
- Yield to maturity
- 4.991%
- Spread
- 80 bps
- Ratings
- A2 / A+
Key dates
- Issue date
- 12 Jun 2024
- Maturity date
- 12 Jun 2029
- Tenor
- 5 years
Shariah information
- Shariah advisor
- Internal Shariah Supervisory Committee
- AAOIFI aligned
- ✓
- Underlying asset
- Wakalah portfolio of Shariah-compliant financing assets
- Use of proceeds
- General banking purposes