National Bank of Abu Dhabi (NBAD), the safest bank in the Middle-East and Emerging markets, was named “Best DCM House in the UAE” by Euromoney Awards for Excellence 2015 at a ceremony held in Dubai.
Last month, NBAD was the first bank in the Middle East to win the most coveted “Rising Star Emerging Markets House” for DCM by GlobalCapital magazine.
Debt Origination & Distribution activities have earned NBAD growing attention and recognition across the West-East corridor, including Asia. In May, the bank successfully priced 7 bond transactions for international issuers:
Since the beginning of this year, NBAD has bookrun 18 landmark transactions in both the conventional bonds and international Sukuk space.
Alex Thursby, NBAD’s Group Chief Executive Officer, said: “These successful issuances demonstrate our expertise in Debt Origination & Distribution and our growing credibility among international investors in Asia and in the rest of the West-East Corridor. We are committed to building on this momentum and on our strong fundamentals to further develop these activities for the benefit of our chosen clients.”
Andy Cairns, NBAD’s Global Head of Debt Origination & Distribution said: “Leadership in debt capital markets is a cornerstone of our financing proposition so it is particularly satisfying to be recognized by Euromoney as the best DCM house in NBAD's home market of the UAE. We are committed to solving the financing needs of all clients - not only in the UAE but across our international platform - and will continue to deliver best advice and execution in bonds, loans and Sukuk that our recent awards attest to".
Over the last 6 months, NBAD has won 43 awards for its Debt Origination and Distribution platform, and is recognized as the number one Middle-Eastern bank in terms of bond underwriting: #2 bank in the GCC and #3 in the MENA region.