Nasdaq Dubai announced the USD 400 million bond listing of Agricultural Bank of China

According to Amac News: The announcement of Nasdaq Dubai states that amid the deepening of economic relations between China and the UAE, this is the second listing of bonds of this bank in Nasdaq Dubai.
The $400 million note, issued under the $15 billion medium-term note program, matures in 2027. Agricultural Bank of China (ABC) is one of the four largest banks in China.
The new issuance reflects ABC's strategic expansion into global markets and enhances Nasdaq Dubai's fixed income portfolio. The total value of deferred fixed income listings on Nasdaq Dubai is $135 billion.
Hou Guifeng,, SEO of ABC DIFC branch, noted that in recent years, the branch has been strategically located in the UAE to serve the Middle East and North Africa region.
Focusing on projects with Chinese elements, this branch has actively and continuously promoted the implementation of the Belt and Road Initiative and is deeply involved in the development of solar power generation, seawater desalination, aviation and shipping, and clean energy projects in the region. .
The successful issuance of bonds with the theme of Belt and Road will give more incentive and financial acceleration to the promotion of financial and commercial cooperation in this region.