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Home » Nasdaq Dubai Lists $400m Green Bond From Bank of China

Nasdaq Dubai Lists $400m Green Bond From Bank of China

by Madaline Dunn

The Bank of China (Dubai Branch) has listed a USD 400 million Green Bond on Nasdaq Dubai.

According to Nasdaq Dubai, the issuance, due 2027, is rated “A” by S&P Global Ratings and is part of the Bank of China’s USD 40 billion Medium Term Note Programme.

The Floating Rate Notes have been issued as Green Bonds, wherein the issuer intends to use the net proceeds to finance or refinance eligible green projects.

With the addition of this listing, the total value of bonds listed on Nasdaq Dubai by the Bank of China, including listings from both Luxembourg and Dubai branches, reaches USD 1.47 billion.

This listing increases Nasdaq Dubai’s portfolio of ESG-related issuances to USD 30 billion and the total value of listed bonds to USD 41 billion.

According to Pan Xinyuan, General Manager of Bank of China (Dubai Branch), the proceeds from this green bond issuance will be exclusively used for renewable energy and clean transportation projects in the UAE.

Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market, commented: “We are pleased to welcome the Bank of China’s listing on Nasdaq Dubai. This admission highlights Dubai’s role as a premier destination for international issuers and reflects the deep-rooted relationship between the UAE and China. It also underscores the growing demand from international investors for a sustainable and dynamic financial ecosystem in the region.”

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