Sign in
Bank of China lists green bonds on Nasdaq Dubai: Bank of China, one of China’s four largest commercial banks, listed a USD 400 mn green bond issued by its Dubai branch on Nasdaq Dubai, according to a statement yesterday. The issuance is part of the lender’s USD 40 bn medium-term note programme.
The details: Net proceeds of the bonds, which will have a maturity of three years, will be used to finance or refinance eligible green projects, according to the statement. The fresh listing brings the bank’s listings from its Luxembourg and Dubai branches on Nasdaq Dubai to USD 1.47 bn.
The listing brings Nasdaq Dubai’s ESG-related issuances to USD 30 bn, and the total value of listed bonds to USD 41 bn, according to the statement.
REMEMBER- The Agricultural Bank of China last week listed USD 400 mn bonds on the exchange. Earlier this year, Kuwait’s Warba Bank listed its USD 500 mn green sukuk on the exchange, while Indonesia listed in July a USD 2.35 bn, three-tranche sukuk.
