Nasdaq Dubai Welcomes $500 Million Bond Listing By Bank Of China Dubai Branch

Nasdaq Dubai has added a USD 500 million floating-rate bond from Bank of China’s Dubai Branch to its listings. This bond, part of the bank's USD 40 billion Medium Term Note Programme, will mature on 24 November 2028. It achieved the narrowest issuance spread for US dollar bonds with a three-year maturity among Chinese banks, showcasing Bank of China's credit strength and financing capabilities.

The listing highlights the growing presence of Chinese financial institutions on Nasdaq Dubai. It also reflects investor confidence in Bank of China’s creditworthiness and global funding strategy. With this addition, Bank of China’s total debt instruments listed on Nasdaq Dubai now amount to approximately USD 1.9 billion across various tranches and maturities.

Ou Boqian, Consul General of China in Dubai, marked the listing by ringing the market-opening bell at Nasdaq Dubai. Hamed Ali, CEO of Nasdaq Dubai and DFM, along with senior executives from both organisations, attended the event. Ou Boqian noted that this bond issuance not only highlights Chinese institutions' influence in international markets but also reinforces Dubai's status as a financial hub in the Middle East.

Hamed Ali expressed his delight at welcoming Bank of China's latest bond listing. He stated: "Bank of China has built a longstanding and trusted relationship with Nasdaq Dubai, and we are delighted to welcome the Bank’s latest bond listing. Dubai continues to serve as a strategic bridge between China and global capital markets, offering issuers a transparent, internationally aligned platform and access to a deep and geographically diverse investor base. Listings of this calibre highlight the strength and resilience of our marketplace."

Chinese entities like Bank of China, China Development Bank, ICBC, Agricultural Bank of China, and others have raised over USD 27 billion through listings on Nasdaq Dubai. The exchange has hosted significant transactions such as the first-ever bond issuances in the Middle East by China's Ministry of Finance and China Development Bank. This activity underscores Dubai's role as a crucial link for capital flows between Asia and global markets.

The total outstanding value of debt securities on Nasdaq Dubai has surpassed USD 145 billion. This figure highlights the exchange's position as the region's leading venue for international fixed-income instruments and as a global hub for cross-border capital flows.

The successful listing demonstrates deepening financial collaboration between China and the UAE. It showcases how both nations are strengthening their economic ties through strategic financial partnerships.

With inputs from WAM