Bank of China Dubai listed the Middle East and North Africa's first Yulan-structure offshore bond on Nasdaq Dubai, raising 2 billion yuan. The two-year issue tightened 50 basis points from initial guidance after receiving bids more than five times the offer. Sovereign accounts secured over 30 per cent of the allocation amid Beijing's push to broaden international renminbi investment.
Bank of China Dubai priced a two-year fixed-rate Yulan bond worth 2 billion yuan ($280 million) at a final yield of 1.6%, down from initial guidance of 2.1%. The senior unsecured notes will be listed on both Nasdaq Dubai and the Hong Kong Stock Exchange. Settlement is scheduled for October 23, 2026, with proceeds designated for general corporate purposes.
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