BHM Capital Leads EDB UAE Dirham Bond on ADX

BHM Capital, the leading financial institution in the capital markets of the United Arab Emirates, has been appointed as the Lead Manager for the forthcoming UAE Dirham-denominated bond issuance on behalf of the Eurasian Development Bank (EDB). The landmark transaction will be listed on the Abu Dhabi Securities Exchange, marking a significant milestone in expanding local-currency funding options for regional and international issuers.

The appointment follows the signing of a mandate letter between BHM Capital and the Eurasian Development Bank in Dubai on January 28, 2026. The mandate was signed in the presence of Mr. Daniyar Imangaliyev, Deputy Chairman of the Eurasian Development Bank, and Mr. Hatim Al Atabani, CEO Business & Front Office at BHM Capital.

Strategic Partnership Strengthens Abu Dhabi’s Capital Markets Position

The expected UAE dirham bond issue represents an important milestone in expanding local-currency funding options for regional and international issuers. The transaction further strengthens Abu Dhabi’s position as a global hub for debt capital markets, offering investors high-quality exposure to a multilateral development institution through a Dirham-denominated instrument listed on a regulated regional exchange.

The proceeds from the issue will be used for financing high-impact investment projects across EDB’s member states in Central Asia. This strategic initiative aligns with the Eurasian Development Bank’s mandate to promote economic development and integration across the Eurasian region.

BHM Capital Demonstrates Fixed-Income Expertise

“We are honored to have been selected by the Eurasian Development Bank as Lead Manager for this landmark Dirham-denominated bond issuance. This mandate reflects the strong capabilities of BHM Capital in structuring, managing, and distributing fixed-income instruments, and our commitment to supporting the development of the UAE’s capital markets.”
Mr. Hatim Al Atabani, CEO Business & Front Office at BHM Capital

As a leading private joint stock company listed on the Dubai Financial Market and regulated by the UAE Capital Market Authority, BHM Capital has established itself as a pioneer in financial technology and a regional leader in providing essential tools for corporate and individual clients.

Eurasian Development Bank Expands UAE Dirham Funding

“We highly value BHM Capital’s expertise in local capital markets, as well as its comprehensive understanding of the regulatory environment and the investment landscape. This partnership creates a solid foundation for the successful execution of the planned transaction, the proceeds of which will support investment projects in our member states in Central Asia.”
Mr. Daniyar Imangaliyev, Vice Chairman of the Eurasian Development Bank

The Eurasian Development Bank has already established a track record in raising financing in UAE Dirham totaling AED 385 million. The planned bond issuance with listing on the Abu Dhabi Securities Exchange will broaden the investor base and enhance transparency and accessibility of the instrument for market participants.

Regional Integration and Market Development

Promoting the integration of financial markets of EDB’s member states with international capital markets is one of the core elements of the bank’s mandate. The institution is witnessing growing interest from investors in Kazakhstan and Armenia in UAE Dirham-denominated bond issuances and aims to create conditions that will enable investors from Armenia and Central Asian countries to participate in EDB’s bond issuance to be listed on ADX.

The listing of the bond on ADX underscores the exchange’s growing role as a platform for international issuers seeking access to regional liquidity and the UAE’s deep and diversified investor base. By the end of December 2025, the EDB’s cumulative portfolio comprised 326 projects with a total investment of US $19.6 billion, focusing on transport infrastructure, digital systems, green energy, agriculture, manufacturing and mechanical engineering.