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China Construction Bank celebrates listing two green bonds on Nasdaq Dubai with total value USD 1.2 billion
Published time: 2020-08-19

Dubai, 18 August 2020 –   His Excellency Li Xuhang, Consul General of the People’s Republic of China in Dubai, rang the market-opening bell at Nasdaq Dubai today to celebrate the listing  by China Construction Bank (CCB) of two green bonds of 700 million US dollars and 500 million US dollars respectively.

 

The bell ceremony took place in the presence of Yuan shengrui, SEO of CCB DIFC Branch;His

Excellency Essa Kazim, Governor of Dubai International Financial Centre (DIFC) and Chairman of Dubai Financial Market (DFM); and senior representatives of Nasdaq Dubai, DIFC and CCB DIFC branch.

The issuances will support the bank’s efforts to combat climate change as CCB develops its commercial,

corporate and consumer banking activities domestically and internationally. The bonds received

pre-issuance certification as climate bonds from the Climate Bonds Initiative under the Climate Bonds

Standard.

H.E. Li Xuhang, Consul General of the People’s Republic of China in Dubai, said:  “In recent

years, with the continuous deepening of the comprehensive strategic partnership between China and the

UAE,cooperation in all areas has been effectively consolidated and enhanced. The business activities of

Chinese banks in the UAE and Dubai International Financial Centre (DIFC) continue to grow. The listing

of CCB’s green bonds on Nasdaq Dubai is in line with theUAE's vision of supporting clean energy and a

green economy.I hope we can take this opportunity to continuously increase cooperation in the economic,

trade and financial fields.”

Yuan Shengrui, Senior Executive Officer of China Construction Bank (DIFC) branch, said: “The

successful issuance of these bonds has once again demonstrated to the international capital market the

determination and commitment of CCB to implement green finance innovation and development, and

reflects investors' confidence in the strategy and business of CCB. As the international financial exchange

in the Middle East, Nasdaq Dubai is actively helping CCB to enhance its regional and global reputation.

The exchange's close ties with investors and sound regulatory framework provide strong support for CCB

to promote the "Belt and Road" initiative and sustainable economic development.”

His Excellency Essa Kazim, Governor of Dubai International Financial Centre (DIFC) and

Chairman of Dubai Financial Market (DFM), said: “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. The ability of our capital markets infrastructure to support the fund raising

requirements of Chinese issuer’s plays a significant role in promoting dynamic and productive cross-border activities.”

This is the first conventional green bond listed on Nasdaq Dubai. CCB has now listed a total of four bonds on Nasdaq Dubai including issuances of 600 million US dollars in 2016 and 1.2 billion US dollars in 2017. The total amount of bond listed on Nasdaq Dubai has reached 3 billion US dollars.