RIYADH: Capital Bank of Jordan has listed a $100 million bond on the Middle East’s international financial exchange, Nasdaq Dubai, in its first-ever bond listing by a Jordanian bank.
Nasdaq Dubai was chosen given its position as the largest regional venue for listing US dollar-denominated debt, the Government of Dubai Media Office reported.
The move will “extend Capital Bank’s reach and allow our teams to further strengthen the bank’s relationship with investors in UAE as well as the entire Gulf region,” according to the bank’s chairman, Bassem Al-Salem.
“Nasdaq Dubai attracted its highest ever number and value of new bond listings in 2021,” according to the chairman of the exchange, Abdul Wahed Al Fahim.
The exchange recorded a total of 30 listings of bonds and Sukuk worth up to $23.1 billion in 2021, along with a record high of 14 bond issuances valued at $11.2 billion.