Thursday, 17 February 2022

Interview: Emirates NBD Capital led 76 DCM transactions raising over $50bln in 2021  | ZAWYA MENA Edition

Interview: Emirates NBD Capital led 76 DCM transactions raising over $50bln in 2021  | ZAWYA MENA Edition

Emirates NBD Capital, the investment banking arm of Emirates NBD, has recorded a strong 2021 in debt capital markets.

The investment bank's DCM team led 76 total issuances (public and private placements) panning 15 countries and raised in excess of $50 billion for its sovereign, financial institutions and corporate clients, Hitesh Asarpota, MD and head of Loan Syndications and Global Capital Markets, Emirates NBD Capital told Zawya.

"Last year, Debt capital markets saw record volumes with issuers seeking to take advantage of conducive market conditions and enormous liquidity to raise funding across the capital spectrum. Global emerging market USD bond issuances were at $630 billion out of which financial Institutions accounted for nearly 31 percent of the volume followed by Sovereign/Government issuers,” Asarpota said.

“In terms of sovereigns we led a $2.5 billion Sukuk for Turkish government, GBP 500 million sukuk for the UK government, $1.25 billion bond for Sharjah Govt and a dollar bond for the government of Pakistan," he said.

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