Post by: Raman Preet
Photo : Dubai Government Media Office
Nasdaq Dubai celebrated a event today as it listed USD 2 billion worth of bonds issued by the Ministry of Finance of China. This is the first time China has listed its government bonds in the Middle East, making it a significant milestone for Nasdaq Dubai. It highlights Nasdaq Dubai's growing importance as a leading global financial hub for international issuers.
The bonds consist of two parts: one worth USD 1.25 billion with a 3-year term, and the other worth USD 0.75 billion with a 5-year term. These bonds show China’s confidence in Dubai as a financial center and its ability to connect to global markets.
To mark this special event, H.E. Zhang Yiming, the Ambassador of China to the UAE, rang the market opening bell at Nasdaq Dubai, alongside Hamed Ali, the CEO of Nasdaq Dubai and Dubai Financial Market. This moment reflects the strong financial relationship between China and Dubai.
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H.E. Zhang Yiming said, “We are proud to celebrate the listing of China’s USD 2 billion sovereign bonds on Nasdaq Dubai, the first time they have been listed in the Middle East. This achievement shows the strong financial ties between China and the UAE and demonstrates global trust in China’s economy. As we mark 40 years of diplomatic relations, this listing also proves that the UAE is a top financial center in the region.”
Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market, added, “This listing is an important milestone in our ongoing work with international issuers. It strengthens our shared vision to foster economic growth and financial innovation, further establishing Dubai as a global leader in capital markets.”
With this new listing, Nasdaq Dubai’s total bond listings now stand at USD 43 billion. The total debt market in Dubai has grown to USD 139 billion across 160 bond issuances. Over half of these bond listings come from government issuers, proving that Nasdaq Dubai is becoming an increasingly popular platform for sovereign bonds worldwide.
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