Nasdaq Dubai has officially listed the Middle East’s first corporate Blue Bond, valued at $100 million, issued by DP World. This groundbreaking listing marks a significant step in the region’s sustainable finance progress.

The bond, part of DP World’s $10 billion Global Medium-Term Note Programme, carries a coupon rate of 5.25 percent and will mature in 2029. It achieved an impressive spread of 99.6 basis points above US Treasuries, the tightest spread ever recorded by DP World in both bond and Sukuk markets.

Proceeds from the bond will fund projects focused on marine transportation, port infrastructure enhancements, and initiatives that promote water sustainability. These efforts align with the United Nations Sustainable Development Goals, particularly SDG 6 (Clean Water and Sanitation) and SDG 14 (Life Below Water).

The listing also highlights the growing importance of the Dubai International Financial Centre (DIFC) as a global hub for sustainable finance. With this addition, Nasdaq Dubai continues to expand its ESG offerings, which already include Green Bonds, Sustainability Bonds, and Sustainability-Linked Bonds. The total value of ESG-linked issuances on the platform now stands at $29 billion, contributing to the exchange’s overall debt listings worth $137 billion.

To celebrate, Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, opened the market at Nasdaq Dubai. He emphasized that this Blue Bond reflects DP World’s commitment to sustainable growth and innovation in global supply chains while protecting marine ecosystems.

Nasdaq Dubai Chairman Abdul Wahed Al Fahim and CEO Hamed Ali shared similar sentiments, noting that the bond sets a precedent for ESG-linked issuances in the region. Ian Johnston, Chief Executive of the Dubai Financial Services Authority, highlighted the role of transparent regulations in fostering Dubai’s position as a leader in sustainable finance.

DP World plans to use the bond proceeds to advance its Ocean Strategy, which includes decarbonization and water-positive initiatives, further solidifying its leadership in the maritime sector. Currently, DP World and its subsidiaries have 11 debt listings on Nasdaq Dubai, totaling $10 billion.