China–UAE News
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.
