Nasdaq Dubai Lists $400 Million Notes by Agricultural Bank of China, Strengthening China-UAE Ties

Nasdaq Dubai has listed USD 400 million Floating Rate Notes issued by the Agricultural Bank of China (DIFC Branch), marking the bank’s second bond listing on the exchange.

This new issuance, under ABC’s USD 15 billion Medium Term Note Programme, is set to mature in 2027, highlighting the bank's ongoing strategic expansion into global markets.

The listing underscores the deepening economic relationship between China and the UAE, as the total value of outstanding fixed-income listings on Nasdaq Dubai now stands at USD 135 billion. The bell-ringing ceremony was attended by prominent figures, including H.E Ou Boqian, Consul General of China in Dubai, and Hamed Ali, Chief Executive of Nasdaq Dubai and DFM.

H.E Ou Boqian praised ABC's role in advancing the Belt and Road Initiative (BRI) and emphasized the importance of further enhancing China-UAE cooperation. She also noted the significance of this listing as a symbol of the 40th anniversary of diplomatic relations between the two nations.

Hou Guifeng, SEO of ABC DIFC Branch, highlighted the bank's active role in promoting BRI-related projects in the MENA region, particularly in clean energy, aviation, and shipping. The successful issuance of these bonds is expected to bolster financial cooperation and investment in the region.

Hamed Ali expressed Nasdaq Dubai's commitment to supporting global issuers, welcoming ABC's continued growth in the international capital markets. The listing reaffirms Nasdaq Dubai’s position as a leading hub for international bond listings.

News Source: Dubai Media Office