China–UAE News
Bank of China Dubai Debuts 2 Billion Yuan Yulan Bond on Nasdaq Dubai
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.
