Nasdaq Dubai today announced the listing of two bonds by the Ministry of Finance of the People’s Republic of China. One is a three-year $1.25 billion bond, and another is a five-year $0.75 billion bond. With this listing, Nasdaq Dubai’s cumulative bond listings have reached $42 billion, while total debt listings stand at $135 billion across 156 issuances, of which more than 50 percent are government/sovereign issuances.
“This landmark issuance underscores Nasdaq Dubai’s position as a bridge for global capital, facilitating robust financial market interactions. We are proud to support these issuances, which celebrate decades of UAE-China relations and reinforce our mutual goals of strengthening economic and financial market ties,” stated Hamed Ali, CEO of Nasdaq Dubai and DFM.
Chinese entities list over $22 billion debt on Nasdaq Dubai
The listings align with the UAE’s strategic commitment to enhance economic and financial collaboration with China, a partnership that has flourished over four decades of diplomatic relations. The bond listings also underscore Nasdaq Dubai’s reputation as a leading international venue for debt securities and reaffirm its role as a critical gateway for capital flows between Asia and the Middle East with debt issuances from over 14 countries.
Besides, Chinese entities have had a notable presence on Nasdaq Dubai, with over $22 billion in debt listed to date.
“The growing collaboration between China and the Middle East presents transformative opportunities for stakeholders across both regions. This significant listing by China’s Ministry of Finance underscores the deepening economic ties and collaborative financial aspirations of our nations. At DFSA, we align with Dubai’s vision for innovation and global connectivity, fostering a trusted regulatory environment that empowers businesses, including Chinese firms, to thrive and expand in an increasingly interconnected world,” added Ian Johnston, chief executive of the Dubai Financial Services Authority.
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China’s big four banks
China’s big four banks, the Industrial and Commercial Bank of China Limited, Bank of China, China Construction Bank Corporation, and Agricultural Bank of China, have also long been active issuers on Nasdaq Dubai further strengthening the exchange as the venue of choice.
In September alone, Nasdaq Dubai welcomed $400 million worth of green bonds by the Bank of China (Dubai Branch), one of China’s four biggest state-owned commercial banks. This listing further boosted Nasdaq Dubai’s portfolio of ESG-related issuances to $30 billion and the total value of listed bonds to $41 billion, contributing to the exchange’s growing standing as a global leader in fixed-income listings and a central hub for sustainable financial instruments.
In addition, the Agricultural Bank of China (DIFC Branch) announced the listing of $400 million floating rate notes on Nasdaq Dubai during the same month. The $400 million note, issued under the $15 billion medium term note program, is due in 2027. The issuance reflected ABC’s strategic expansion into global markets and enhanced Nasdaq Dubai’s fixed-income listing portfolio. With that, the total value of outstanding fixed-income listings on Nasdaq Dubai stood at $135 billion.
