Emirates NBD secures $2.25B in sustainability-linked and Islamic financing
Emirates NBD has secured $2.25 billion in long-term financing through a mix of sustainability-linked loans and Islamic funding. The transaction was heavily oversubscribed, reflecting strong investor confidence in the bank and the UAE's financial sector. The deal includes a $1.75 billion five-year sustainability-linked syndicated term loan. Initially set at $1 billion, demand pushed the final amount much higher. A separate $500 million five-year club commodity Murabaha facility was also arranged, led by Emirates Islamic.
Bank of America, BNP Paribas, DBS Bank, and Emirates NBD Capital served as coordinators, bookrunners, and sustainability coordinators. Emirates NBD Capital additionally acted as the sole coordinator for the Islamic financing portion. The Murabaha facility achieved competitive pricing, standing out among regional Islamic lenders.
The transaction drew interest from 15 financial institutions across the Americas, Europe, and Asia. This follows recent funding moves by the group, including a $750 million seven-year Asian financing and a sustainability-linked sukuk issuance. The funds will strengthen Emirates NBD's liquidity and provide long-term US dollar funding. The bank aims to support growth and deliver value to shareholders. The oversubscription highlights trust in both the bank's financial health and the broader UAE banking market.
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