Nasdaq Dubai announced in a statement that it has welcomed a $400 million green bond issued by Bank of China (Dubai Branch), one of China's four major state-owned commercial banks.

According to Amac News: The announcement said that this significant release, which is scheduled to be released in 2027, is rated "A" by S&P Global Ratings and is part of the 40 billion dollar program of the Central Bank of China.
Notably, floating rate bonds are issued as green bonds, where the issuer intends to use the net proceeds to finance or refinance eligible green projects.
With the addition of this listing, the total value of bonds listed on Nasdaq Dubai by Bank of China, including the listings of both its Luxembourg and Dubai branches, will reach $1.47 billion, according to the announcement.
The listing increases Nasdaq Dubai's ESG-related issuance portfolio to $30 billion and the total value of listed bonds to $41 billion, adding to the exchange's growing position as a global leader in fixed-income listings and a central hub for sustainable financial instruments.
Pan Xinyuan, General Manager of Bank of China (Dubai Branch), introduced that the proceeds from the bond issue will be used exclusively for renewable energy and clean transportation projects in the UAE.