A Bond Promissory Note is a specialized financial instrument used in the United Arab Emirates when parties need to document a debt obligation with features of both bonds and promissory notes. This document type is particularly useful in commercial financing, project development, and corporate borrowing scenarios where a formal, transferable debt instrument is required. The Bond Promissory Note must comply with UAE Federal Law No. 18 of 1993 (Commercial Transactions Law) and includes specific details about payment obligations, security arrangements, and enforcement rights. It offers greater flexibility than a standard promissory note while providing the security features of a bond, making it attractive for both financial institutions and corporate entities operating in the UAE market.

1. Date and Place of Issuance: Specifies the date and location where the promissory note is issued, as required by UAE law

2. Parties: Identifies the issuer (promisor) and the beneficiary (promisee) with full legal names and addresses

3. Unconditional Promise to Pay: Clear statement of unconditional promise to pay a specific sum, as required by Article 484 of UAE Commercial Transactions Law

4. Payment Terms: Detailed specification of the principal amount, currency, interest rate, and payment date(s)

5. Place of Payment: Specific location where payment must be made

6. Bond Details: Description of the bond including series number, class, and any special features

7. Security Provisions: Details of any security or collateral backing the promissory note

8. Events of Default: Circumstances that constitute default and trigger acceleration of payment obligations

9. Enforcement Rights: Rights and remedies available to the holder in case of default

10. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant court jurisdiction