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Mashreq Bank Issues Inaugural 1 Billion Yuan Dim Sum Bond

Dubai-based Mashreq Bank has priced its debut three-year senior unsecured Dim Sum bond at CNH 1 billion ($149.3 million) with a fixed coupon of 2.50%. The offering marks the lender's first public issuance in the offshore Chinese renminbi market and reached peak order books of CNH 2.3 billion. Bank leadership stated that the transaction strengthens capital market linkages between the UAE, China, and Hong Kong under the Belt and Road Initiative.

Published Source: Gulf Daily News
Illustration: Financial district skyline of Dubai with modern glass towers reflecting midday sunlight, conveying international banking and capital mar
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Dubai-headquartered Mashreq Bank priced its inaugural CNH 1 billion ($149.3 million) three-year senior unsecured Dim Sum bond at a fixed coupon of 2.50%, Gulf Daily News reported. The transaction represents the lender's first public issuance in the offshore Chinese renminbi market.

The debt offering drew demand from regional and global investors, with order books peaking at CNH 2.3 billion and achieving an oversubscription rate exceeding two times.

Pricing for the bond followed a targeted virtual investor roadshow held on October 13. According to bank leadership, the issuance expands capital market links among the UAE, China, and Hong Kong within the framework of the Belt and Road Initiative.

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