DUBAI: Bank of China, one of China’s top four state-owned banks, has listed $300 million bonds on Nasdaq Dubai, the United Arab Emirates’ state news agency WAM said on Tuesday.
The bank issued the bonds, maturing in 2025, through its Dubai branch at a yield of 4.84%.
The bonds, which have a coupon of 4.75%, priced on Nov. 28, according to Refinitiv. They began trading on Dec. 6.
Bank of China in 2015 listed 2 billion yuan ($286.53 million) of bonds, issued by its Abu Dhabi branch, on Nasdaq Dubai.
The listing “reflects the vital role played by Nasdaq Dubai in strengthening the links between the financial markets in Dubai and China,” WAM said.
The bonds are rated A by Fitch, according to Refinitiv.
Other banks on the deal included BNP Paribas, Credit Agricole, Mizuho and MUFG.
Comments
Comments are closed for this article.