Emirates NBD has issued digital bonds worth 1 billion dirhams using Distributed Ledger Technology (DLT). The Euroclear system will manage their issuance, transfers, and redemption, with all payments settled in US dollars. These three-year bonds are part of the bank's $20 billion/euro medium-term bond program. The interest rate will be 4.25%, paid semi-annually. Credit rating agency Fitch has assigned the Emirates NBD digital bonds a long-term 'A+' and 'BBB(xgs)' rating, aligning with the bank's long-term default ratings.
