China has issued an RMB 1bn three-year bond on NASDAQ Dubai. The Agriculture Bank of China (ABC), China’s third largest bank by assets, became the first Chinese issuer to list a bond on an exchange in the Middle East. The Emirate’s stylish financial infrastructure is available to promote an offshore RMB market serving the region and simplify a range of transactions for the mutual benefit of Chinese and Middle East issuers and investors.
As the region’s international exchange, NASDAQ Dubai is the ideal venue to promote visibility with investors based in the Middle East and neighboring countries. Making Dubai, the base for Chinese currency across the region, will provide the best possible service to the customers and business partners and strengthen overall economic and financial cooperation between China and the region.
