Recently, Bank of China successfully issued US$500 million three-year SOFR floating-rate bonds and officially listed them on the Nasdaq Dubai Stock Exchange. The bond issuance was met with enthusiastic subscription from investors, and the final pricing narrowed significantly by 57 basis points compared to the initial pricing, demonstrating the international market's high recognition of Bank of China's strength and financing capabilities.
Since its establishment in 2015, Bank of China Dubai Branch has been deeply involved in the Middle East and extended its reach to Africa, actively promoting connectivity between the UAE and international capital markets, attracting international investors for high-quality regional assets, expanding cross-border investment and financing cooperation channels, and gradually becoming one of the important entities for Chinese banks to issue offshore sustainable bonds in the Middle East.
In 2023, the world's first batch of green bonds themed on the Belt and Road Initiative were issued, with all proceeds used for qualified green projects in countries participating in the Belt and Road Initiative.
In 2024, on the occasion of the 40th anniversary of the establishment of diplomatic relations between China and the UAE, a US$400 million green bond was issued, with all proceeds to be used for eligible green projects within the UAE.
Bank of China will continue to leverage its global advantages and comprehensive characteristics to deepen cooperation with all parties in the Middle East, provide more comprehensive financial solutions, and contribute to building a smoother financial channel between China and the Arab world.
