In a significant move that underscores the growing stature of Dubai as a global financial hub, Nasdaq Dubai has welcomed the listing of a USD 1.75 billion bond issued by the New Development Bank (NDB). This bond issuance, which is part of NDB's USD 50 billion Euro Medium Term Note Programme, brings NDB's total listed value on the exchange to USD 3.75 billion. The issuance attracted an impressive final order book of over USD 3.2 billion, with demand led by investors from Asia Pacific, EMEA, and the Americas.

The bond carries a coupon of 4.375% and is set to mature in 2029. It forms a crucial part of NDB's strategy to mobilize long-term capital for infrastructure and sustainable development projects across BRICS countries and other emerging economies. The diverse investor demand, with 65% participation from Asia Pacific, 32% from EMEA, and 3% from the Americas, highlights the global confidence in Dubai's fixed income market.

Daopeng Fu, Vice-President and Chief Financial Officer of NDB, expressed satisfaction with the strong market confidence in the bank's robust credit standing and its development mandate. The listing not only diversifies NDB's funding sources but also strengthens its presence across key international financial centers.

For investors considering the Dubai Financial Market PJSC, this development is a testament to the market's ability to attract significant international investments. The robust demand for NDB's bond signals strong investor confidence in the market's stability and growth potential. However, given the current market conditions and the neutral outlook, the recommendation would be to hold on to the instrument. This allows investors to benefit from potential future gains while mitigating risks associated with market volatility.