Capital Bank of Jordan has made its first-ever bond listing of $100 million on Nasdaq Dubai, the Middle East’s international financial exchange.
According to the bank’s chairman, Bassem Al-Salem, the step 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.”
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.
According to the chairman of the exchange, Abdul Wahed Al Fahim, “Nasdaq Dubai attracted its highest ever number and value of new bond listings in 2021,”
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.