UAE – Mubasher: Nasdaq Dubai has welcomed the listing of a $500 million floating-rate bond issued by Bank of China Dubai Branch under its $40 billion medium-term program, according to a press release.
Set to mature on 24 November 2028, the three-year conventional bond marks a record for the narrowest issuance spread of U.S. dollar bonds with a three-year maturity among Chinese banks.
With this listing, the total outstanding value of Bank of China’s debt instruments listed on Nasdaq Dubai has reached nearly $1.90 billion across multiple tranches and maturities.
Consul General of China in Dubai, Ou Boqian, commented: "The bond issuance by Bank of China not only reflects the influence of Chinese institutions in the international capital markets but also further underscores Dubai's status as an international financial center in the Middle East."
Chinese issuers, including Bank of China, China Development Bank, the Ministry of Finance of the People’s Republic of China, ICBC, Agricultural Bank of China, and China Construction Bank, have collectively raised more than $27 billion through listings on Nasdaq Dubai.
Total value of debt securities on Nasdaq Dubai has exceeded $145 billion, reflecting the exchange’s role as the region’s leading venue for international fixed-income instruments and a global hub for cross-border capital flows.
