Friday, November 22, 2024
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China’s Ministry of Finance Issues $2 Billion in Bonds to the Nasdaq Dubai

Nasdaq Dubai announced today the listing of two bonds by the People’s Republic of China’s Ministry of Finance. They are US$1.25 billion bonds with a three-year maturity and US$0.75 billion bonds with a five-year maturity.

The listing aligns with the UAE’s strategic objective to strengthen its financial and economic cooperation with China, which has grown over four decades of diplomatic ties.

With debt issuances from more than 14 nations, the bond listings further solidify Nasdaq Dubai’s standing as a premier global venue for debt instruments and its function as a vital entry point for capital flows between Asia and the Middle East.

With this listing, Nasdaq Dubai now has $42 billion in cumulative bond listings and $135 billion in total debt listings from 156 issuances.

China’s big four banks—Industrial and Commercial Bank of China Limited, Bank of China, China Construction Bank Corporation, and Agricultural Bank of China—all have their regional headquarters in DIFC. They have long been active issuers on Nasdaq Dubai, further strengthening the Exchange as the venue of choice.

Hamed Ali, CEO of Nasdaq Dubai and DFM, said, “We are pleased to welcome this issuance from the Ministry of Finance, People’s Republic of China, a significant addition to our portfolio that highlights our commitment to fostering deep, collaborative relationships with international jurisdictions.

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Friday, November 22, 2024

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