Emirates NBD secures $2.25 billion in record-breaking global financing deal
Emirates NBD has secured $2.25 billion in long-term financing through two major instruments. The deal marks the bank's tightest pricing ever for a syndicated loan while extending its repayment period. Strong demand from global investors pushed the final amount beyond initial targets. The transaction combined a $1.75 billion five-year sustainability-linked syndicated term loan with a $500 million five-year club commodity Murabaha facility. The sustainability loan, initially set at $1 billion, saw oversubscription of more than double its size. Fifteen financial institutions from the Americas, Europe, and Asia actively participated in the financing.
Bank of America, BNP Paribas, DBS Bank, and Emirates NBD Capital served as coordinators, bookrunners, and sustainability coordinators. Emirates NBD Capital also led the Islamic financing component, with Emirates Islamic arranging the Murabaha facility at competitive regional rates.
This latest deal follows recent funding moves by the group, including a $750 million seven-year Asian financing and a sustainability-linked sukuk issuance by Emirates Islamic. The new funds will bolster Emirates NBD's liquidity and support long-term growth in US dollar funding. The financing strengthens Emirates NBD's capital position while offering extended repayment terms. The oversubscribed sustainability-linked loan and competitive Murabaha pricing reflect strong market confidence. Proceeds will fund expansion and enhance shareholder returns.
