China Construction Bank celebrates listing 2 green bonds on Nasdaq Dubai

DUBAI - China Construction Bank (CCB) celebrated on Tuesday listing two green bonds of $700 million and $500 million respectively on Nasdaq Dubai.

China's Consul General in Dubai Li Xuhang rang the market-opening bell at Nasdaq Dubai to celebrate the listing.

Li said that the listing of CCB's green bonds on Nasdaq Dubai is in line with the vision of the United Arab Emirates to support clean energy and green economy.

"I hope we can take this opportunity to continuously increase cooperation in the economic, trade and financial fields," Li said.

The issuances by the Hong Kong Branch of the CCB will support the bank's efforts to combat climate change as the bank develops its commercial, corporate and consumer banking activities domestically and internationally, said the CCB in a statement.

The 700-million-dollar bond will mature in 2025 with a coupon of 1.25 percent while the 500-million-dollar bond will mature in 2023 with a coupon of 1 percent, said Nasdaq Dubai.

Essa Kazim, governor of Dubai International Financial Centre (DIFC) and chairman of Dubai Financial Market (DFM), said that "Dubai's unique position as the region's business and finance hub is a catalyst for rapidly developing economic links with China that promote mutual prosperity and development."

CCB's bonds of $700 million and $500 million listed on Nasdaq Dubai on Aug 5, 2020. The bonds received pre-issuance certification as climate bonds from the Climate Bonds Initiative under the Climate Bonds Standard.

Nasdaq Dubai, located in the DIFC, is an exchange that lists regional and international shares in the Middle East.