Nasdaq Dubai has approved the listing of a $600 million green bond by China Construction Bank (DIFC Branch). The bond issuance aims to combat climate change and signifies the growing collaboration in green financing between China and the UAE.
Li Xuhang, Consul-General of the People’s Republic of China in Dubai, and Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), marked the occasion by ringing the market opening bell at Nasdaq Dubai.
With this listing, the total value of bonds listed on Nasdaq Dubai by China Construction Bank, including issuances by Hong Kong and Dubai branches, now reaches $2.45 billion. Notably, the cumulative value of outstanding debt from Chinese issuers on Nasdaq Dubai stands at $11.95 billion through 22 issuances.
This listing contributes to Nasdaq Dubai’s total value of ESG-related issuances, amounting to $27.05 billion, and adds to the overall value of debt listed on the exchange, totalling $128.66 billion. Nasdaq Dubai solidifies its position as a leading global hub for fixed-income listings and a focal point for sustainable financial instruments.
