Nasdaq Dubai has listed US$400 million worth of Floating Rate Notes by the Agricultural Bank of China (DIFC Branch).
This marks the bank’s second bond listing on Nasdaq Dubai. The US$400 million Note, issued under the US$15 billion Medium Term Note Programme, is due in 2027.
The ABC DIFC branch has participated in the development of solar power generation, seawater desalination, aviation and shipping, and clean energy projects in the region, as part of China’s Belt and Road Initiative, an infrastructure project spanning several continents. The bank said the successful issuance of Belt and Road-themed bonds will further add financial impetus to the promotion of financial and business cooperation in this region.
Hamed Ali, CEO of DFM and Nasdaq Dubai, said: “We are pleased to welcome the US$400 million listing from ABC on Nasdaq Dubai. As the premier global hub for international bond listings, the exchange is committed to providing an innovative and robust platform for global issuers to access regional and international investors. We look forward to supporting ABC in their continued growth and success in the international capital markets.”
The total value of outstanding fixed incomes listings on Nasdaq Dubai stands at US$135 billion.
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