Emirates NBD has become the largest issuer of conventional bonds on the Nasdaq Dubai exchange, with a total of $2.25bn bonds listed.

The Dubai-headquartered bank celebrated the listing of its latest $500m conventional bond at a bell-ringing ceremony at the exchange on 28 September.

The bank issued a $750m bond in March 2013 and a $1bn bond in June 2013.

Nasdaq Dubai’s total conventional bond listings, from all issuers, have now reached $6.74bn.

The exchange is also positioning itself as a hub for the listing of Islamic bonds (Sukuk), with a total of $19.2bn of sukuk currently listed on the exchange.

Emirates NBD’s bond follows the listing of a $163m bond by Agricultural Bank of China on Nasdaq Dubai in mid-September, marking the first time a Chinese issuer has listed a bond on an exchange in the Middle East and North African region.