Dubai – Mubasher: The Hong Kong Branch of China Construction Bank (CCB) has celebrated the listing of two green bonds valued at $700 million and $500 million on Nasdaq Dubai, according to a press release on Tuesday.
The listings aim to support CCB’s objectives to fight climate change while developing its commercial, corporate, and consumer banking activities domestically and internationally.
The $700 million bond will mature in 2025, with a coupon of 1.25%, while the $500 million bond will mature in 2023 with a coupon of 1%.
With the new issuances, CCB has four bonds on Nasdaq Dubai, including the issuances of $600 million in 2016 and $1.2 billion in 2017.
Since 2014, Nasdaq Dubai has hosted 19 debt issuances from Chinese issuers at a total value of $11.3 billion.
The Consul General of the People’s Republic of China in Dubai, Li Xuhang, said: “The listing of CCB’s green bonds on Nasdaq Dubai is in line with the UAE’s vision of supporting clean energy and a green economy.”
Meanwhile, the Senior Executive Officer of China Construction Bank (DIFC) branch, Yuan Shengrui, noted: “The exchange’s close ties with investors and sound regulatory framework provide strong support for CCB to promote the “Belt and Road” initiative and sustainable economic development.”
