Published
07/03/2025, 14:28The Eurasian Development Bank (EDB) has made its debut bond placement on the United Arab Emirates market. The issue amounted to 200 million UAE dirhams (approximately $54 million). The placement was conducted as a private transaction.
It was organized by the country's largest bank, First Abu Dhabi Bank (FAB), in partnership with the Abu Dhabi Fund for Development (ADFD). The bonds are denominated in the UAE's national currency, the dirham.
The funds raised from the placement will be used to implement infrastructure and trade projects in Central Asian countries. The deal also strengthens financial ties between the UAE and the region, supporting the EDB's policy of using national currencies in cross-border transactions.
