Dubai, UAE – Nasdaq Dubai welcomed the joining of the European Medium-Term Bond Program (EMTN), of the New Development Bank, to the stock exchange
It is worth $50 billion.
This is a step that constituted an important milestone in enhancing the bank’s access to global capital markets.
In addition to consolidating Dubai’s role as a leading international center for sustainable finance and cross-border capital flows.
The stock exchange stated, in a statement, that the European medium-term bond program provides a flexible and effective framework that enables the New Development Bank to issue debt instruments to finance infrastructure and sustainable development projects in member states.
In addition to emerging markets and developing economies.
The bank currently has a $50 billion program listed on the official register of the UK Financial Conduct Authority and on the London Stock Exchange.
It is noteworthy that the New Development Bank was established in 2015 by the BRICS countries.
As a multilateral financial institution dedicated to raising resources for projects that support economic growth, social inclusion, and environmental sustainability.
The UAE joined the bank in October 2021, subscribing to $556 million.
This strengthened the bank’s financial strength, global reach, and commitment to innovation in sustainable development.
