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China Construction Bank Lists $600M Green Bond on Nasdaq Dubai

China Construction Bank Lists $600M Green Bond on Nasdaq Dubai

DIFC Drives Dubai’s Next Phase Of Growth

China Construction Bank’s DIFC branch has successfully listed a $600 million green bond on Nasdaq Dubai, showcasing the bank’s dedication to sustainable financing. This move also highlights the collaborative efforts in green financing between China and the UAE, according to the Dubai Media Office.

The total value of bonds listed on Nasdaq Dubai by China Construction Bank, encompassing issuances from both Hong Kong and Dubai branches, has now reached $2.45 billion. In total, Chinese issuers have listed $11.95 billion in outstanding debt on Nasdaq Dubai through 22 issuances.

The listing of this green bond contributes to Nasdaq Dubai’s ESG-related issuances, bringing the total to $27.05 billion. This, in turn, contributes to the overall value of debt listed on the exchange, which now stands at $128.66 billion.

To mark the bond issuance, 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), rang the market opening bell at Nasdaq Dubai.

Li Xuhang commended the performance of Chinese banking institutions in promoting green finance and expressed expectations for China Construction Bank (DIFC Branch) to continue contributing to energy transformation in the region.

Hamed Ali, CEO of Nasdaq Dubai and DFM, emphasized that this listing solidifies Nasdaq Dubai’s global leadership in creating an ecosystem that supports sustainable financing, meeting the increasing demand for green financing instruments in the region.

China Construction Bank’s listing aims to utilize the capital market to support green projects in the UAE and the broader region, focusing on sectors such as renewable energy, seawater desalinization, greenhouse gas emissions reduction, and energy efficiency.

Yuan Shengrui, SEO of China Construction Bank’s DIFC Branch, sees the green bond issuance as an opportunity to boost the economy with high-quality growth, utilizing the capital market as a bridge to support cooperation in green sustainable development and energy transformation between China, the UAE, and the region.