Emirates NBD is poised to reinvigorate the Middle East’s AT1 bond market with plans for its upcoming issuance, marking the region’s first contingent convertible (AT1) bond sale since the onset of the recent geopolitical turmoil. This strategic move signals renewed investor confidence and reflects the bank’s robust capital position amid ongoing market uncertainties. The issuance is expected to attract strong demand from regional and international investors searching for yield in a cautiously optimistic environment.

Key features of the anticipated AT1 bond include:

  • Coupon structure: Floating rate linked to benchmark interest rates
  • Issuer rating: Solid investment grade, underpinned by Emirates NBD’s strong credit profile
  • Use of proceeds: Enhancing regulatory capital to support growth and resilience
  • Expected…