NBAD leads GCC bonds market

ABU DHABI: National Bank of Abu Dhabi (NBAD), the safest bank in emerging markets and the Middle East by Global Finance magazine, is ranked number one bookrunner of Bonds and Sukuk in members of the Cooperation Council for the Arab States of the Gulf (GCC) for the first 9 months of 2015, according to data compiled by Dealogic, a platform utilised by investment banks worldwide to optimise performance and improve competitiveness.

This marks the first time a Middle-Eastern bank has been top ranked in this segment, reaffirming NBAD’s expertise and credibility among international investors in Asia and across the West-East corridor.

GCC bond issuers raised a total of about $16 billion (Dh58.77 billion) during the first three quarters of 2015, via 28 international capital markets transactions, half of which were led by NBAD.

UAE banks are the region’s most prolific Bond and Sukuk issuers year-to-date followed by borrowers from Oman and Saudi Arabia.

NBAD has bookrun multiple landmark deals during 2015, including:

Andy Cairns, managing director and global head of debt origination and distribution at NBAD, added, “We have invested heavily across our debt platform and it is encouraging that the benefits accruing from NBAD’s involvement in a fund-raising — in terms of superior advice, distribution and execution — are being recognised by the increasing number of issuers who choose to work with us”.

— WAM