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Bank of China Dubai Lists CNH 2 Billion Yulan Bond on Nasdaq Dubai

Bank of China Dubai Branch has listed a CNH 2 billion Yulan Bond on Nasdaq Dubai, marking the exchange's first-ever Yulan Bond listing. The two-year note matures in October 2028 and is dual-listed on the Hong Kong Stock Exchange with an 'A' rating from Fitch Ratings.

Photo: Government of Dubai Media Office

Nasdaq Dubai marked the listing of a CNH 2 billion Yulan Bond issued by Bank of China Dubai Branch on November 2, 2026. The transaction represents the first Yulan Bond listed on the Dubai exchange and is dual-listed on the Hong Kong Stock Exchange. The two-year fixed-rate bond matures in October 2028 and holds an 'A' credit rating from Fitch Ratings.

According to the Government of Dubai Media Office, investor demand tightened the final yield by 50 basis points from initial price guidance of 2.10% to 1.60%. The bond is registered through the Shanghai Clearing House and cleared internationally via Euroclear, with net proceeds allocated for general corporate purposes.

Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market, stated that the listing builds on over USD 31.9 billion in cumulative Chinese debt issuances on Nasdaq Dubai. He noted that the exchange's total outstanding debt currently exceeds USD 145 billion.

Sources

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