Bank of China Issues $500 Million Bonds and Lists on Nasdaq Dubai Exchange

Deep News12-10 18:41

Bank of China has successfully issued a 3-year $500 million SOFR floating-rate bond, which has been officially listed on the Nasdaq Dubai Exchange. The bond issuance attracted strong investor demand, with the final pricing tightening significantly by 57 basis points compared to the initial guidance, reflecting the international market's high confidence in Bank of China's financial strength and fundraising capabilities.

Since its establishment in 2015, Bank of China's Dubai Branch has been actively expanding its presence in the Middle East and Africa, promoting connectivity between the UAE and international capital markets. It has facilitated cross-border investment and financing cooperation, gradually becoming a key issuer of offshore sustainable bonds by Chinese financial institutions in the Middle East.

In 2023, Bank of China issued the world's first batch of green bonds under the Belt and Road Initiative theme, with all proceeds allocated to eligible green projects in participating countries.

In 2024, marking the 40th anniversary of diplomatic relations between China and the UAE, the bank issued $400 million in green bonds, with funds fully dedicated to qualified green projects within the UAE.

Moving forward, Bank of China will leverage its global network and integrated financial services to deepen cooperation with Middle Eastern partners, offering comprehensive financial solutions and contributing to a more efficient financial corridor between China and the region.

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