In a significant move that underscores the growing financial ties between China and the UAE, Nasdaq Dubai has listed a $500 million floating-rate bond issued by the Bank of China Dubai Branch. This bond, part of the bank's $40 billion Medium Term Note Programme, is set to mature on November 24, 2028, and has set a record for the narrowest issuance spread among Chinese banks for U.S. dollar bonds with a three-year maturity. This achievement highlights the international market's strong recognition of Bank of China's credit strength and financing capabilities.

The presence of Chinese financial institutions on Nasdaq Dubai is not new, but the latest issuance by the Bank of China expands its total outstanding listings to approximately $1.9 billion. This reflects continued investor confidence in the bank's credit strength and global funding strategy. The listing ceremony was marked by the ringing of the market-opening bell by H.E. Ou Boqian, Consul General of China in Dubai, alongside Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), and other senior executives.

H.E. Ou Boqian emphasized the significance of this bond issuance, noting that it not only reflects the influence of Chinese institutions in international capital markets but also underscores Dubai's status as a leading international financial center in the Middle East. The collaboration between China and the UAE has been fruitful, with financial cooperation deepening and broadening over the years.

Hamed Ali, CEO of Nasdaq Dubai and DFM, expressed his delight at welcoming the Bank of China's latest bond listing. He highlighted Dubai's strategic position as a bridge between China and global capital markets, offering issuers a transparent and internationally aligned platform with access to a diverse investor base.

The activity of Chinese issuers on Nasdaq Dubai, including Bank of China, China Development Bank, and others, has collectively raised more than $27 billion through listings. This activity underscores Dubai's role as a key conduit for capital flows between Asia and global markets. The total outstanding value of debt securities on Nasdaq Dubai now exceeds $145 billion, reinforcing the exchange's position as the region's leading venue for international fixed-income instruments.

As for the future of the Dubai Financial Market PJSC, given its strategic role in facilitating such high-profile listings, the company's prospects appear stable. Investors should consider holding their positions in DFM, as the market continues to be a hub for international financial activities.