Nasdaq Dubai Welcomes $400 Million Green Bond Issuance by Bank of China

PC: Dubai Media Office

Strengthening UAE-China Relations through Green Finance

Nasdaq Dubai welcomed on Monday the listing of US$ 400 million Green Bonds issued by the Bank of China (Dubai Branch), one of China’s four biggest state-owned commercial banks. The major issue forms part of the Bank of China’s US$40 billion Medium Term Note Programme and is a key addition to the growing array of sustainable financial instruments listed on Nasdaq Dubai.

Issuance Details

The 2027 mature Green Bonds have been rated “A” by S&P Global Ratings. Green Bonds The Floating Rate Notes have been issued as Green Bonds and are intended to finance or refinance green eligible projects. The Bank of China listings, on the heels of the earlier listings of its Luxembourg and Dubai branches, bring the total value of bonds listed on Nasdaq Dubai to $1.47 billion.

Role of Nasdaq Dubai in Sustainable Finance

The listing brings the total value of ESG-related issuances on Nasdaq Dubai to $30 billion, consolidating its position as a global leader in fixed-income listings and as a major hub for sustainable financial instruments. The bourse now has bonds worth $41 billion listed on its platform, underlining its increasing importance within the financial markets.

Strengthening Bilateral Relations

Ou Boqian, the Consul-General of China in Dubai, said that the issuance is going to be very meaningful for the strong and deepening relationship between both countries. She emphasised that the close green finance corporation reflects the joint statement issued by both countries, especially in the fields of environment, climate change, and sustainable development.

This issuance is taken as a testimony to the flourishing financial cooperation between both countries, as the celebrations marking the 40th anniversary of the diplomatic relations between China and the UAE get into full swing.

Green Projects in UAE Take Centerstage

Pan Xinyuan, General Manager of the Bank of China, Dubai Branch, was quoted as saying that proceeds from the bond issuance would be used for renewable energy projects in the UAE along with clean transportation projects. Such a step goes in harmony with the wider goals of sustainable development and indicates the growing importance of green finance in this region.

Hamed Ali, chief executive of Nasdaq Dubai and Dubai Financial Market, comments that the listing by the Bank of China underlines Dubai’s role as an international hub. This new listing further reflects the close ties between the UAE and China, together with a growing demand by investors for a sustainable and dynamic financial ecosystem in the region.

As it is, with this Green Bond issuance, Nasdaq Dubai further cements its position as a global leader in sustainable finance, providing an active platform for the issuers who want to use their securities to contribute toward a positive impact on the environment.