Nasdaq Dubai has listed USD 400 million Green Bonds issued by the Bank of China (Dubai Branch), marking another milestone in the exchange’s growing portfolio of sustainable financial instruments.
The issuance, due in 2027, is rated “A” by S&P Global Ratings and falls under the Bank of China’s USD 40 billion Medium Term Note Programme. These Green Bonds will finance or refinance eligible green projects, contributing to global sustainability initiatives.
This listing elevates the total value of bonds listed by Bank of China on Nasdaq Dubai to USD 1.47 billion, including bonds from both its Luxembourg and Dubai branches. Furthermore, the exchange’s ESG-related issuances have now reached USD 30 billion, while the total value of bonds listed stands at USD 41 billion.
Ou Boqian, Consul General of China in Dubai, emphasized the significance of this listing in light of the 40th anniversary of diplomatic relations between China and the UAE. The partnership, marked by robust financial cooperation, is exemplified by this green bond issuance, which aligns with the COP28 “UAE Consensus” on environmental sustainability.
Pan Xinyuan, General Manager of Bank of China (Dubai Branch), highlighted that proceeds from the bonds will support renewable energy and clean transportation projects in the UAE, further underscoring China’s commitment to the UAE’s green economic transition.
Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market, praised the listing as a reflection of the strong relationship between the UAE and China and the growing demand for a sustainable financial ecosystem in the region.
News Source: Dubai Media Office
