• Bank of China’s green bond adds $400M to Nasdaq Dubai’s growing ESG portfolio.
• Total value of Bank of China bonds listed on Nasdaq Dubai now reaches $1.47B.
• Proceeds will fund renewable energy and clean transportation projects in the UAE.

Nasdaq Dubai has welcomed a $400 million Green Bond issued by the Bank of China (Dubai Branch), part of the bank’s $40 billion Medium Term Note Programme. The bond, rated “A” by S&P Global Ratings, is set to mature in 2027. The funds raised will finance eligible green projects, including renewable energy and clean transportation initiatives in the UAE.

With this listing, the total value of Bank of China bonds on Nasdaq Dubai—across both the Luxembourg and Dubai branches—now stands at $1.47 billion. This also strengthens Nasdaq Dubai’s environmental, social, and governance (ESG) credentials, contributing to a total of $30 billion in ESG-related issuances.

Ou Boqian, Consul-General of China in Dubai, highlighted the significance of this partnership, stating, “The cooperation between China and the UAE in green finance aligns with our joint statement on climate change and sustainable development, injecting financial momentum into the implementation of the COP28 UAE Consensus.”

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Nasdaq Dubai CEO Hamed Ali noted the importance of this listing: “We are pleased to welcome the Bank of China’s listing. This reflects Dubai’s growing appeal as a hub for international issuers and underscores the increasing demand for sustainable finance solutions.”

Pan Xinyuan, General Manager of Bank of China (Dubai Branch), emphasized the bond’s impact: “The proceeds from this issuance will be dedicated to renewable energy and clean transportation projects, further advancing green finance in the region.“