"Nasdak Dubai" She welcomes the inclusion of double -currency from the Chinese Development Bank

Dubai, July 9 / WAM / Nasdaq Dubai welcomed the inclusion of dual -currency bonds issued by the Chinese Development Bank, in a prominent deal that will establish Dubai’s position as a strategic international center to issue fixed income tools and flow across border investments.

The bonds were listed in the Nasdaq Dubai market and added to the official list of securities approved by the Dubai Financial Services Authority, and includes two SIM cards, the first with a value of $ 500 million for three years with a variable revenue calculated by adding 30 basis points for the reference price in the US dollar “Sofr”, and the second with a value of 500 million euros for three years with a fixed return at 2.25%.

Moody’s gave the two seashes a credit rating at the A1 degree, which reflects an advanced level of credit quality, and the version attracted a wide turnout from investors, especially from Europe, the Middle East and Asia. The subscription was covered on the euro -denominated segment by 15 times, which is the highest coverage rate achieved by a Chinese financial institution in one year issuance, while in the segment denominated in the US dollar, the subscription was covered by 3 times, with the narrowest price margin added to the reference price in the US dollar compared to similar versions of Chinese banks.

The investor base varied to include banks, sovereign destinations, investment funds, and asset managers from prominent financial centers, including Switzerland, Germany, the United Kingdom, Spain, the Middle East and Asia.

The sovereign and multilateral institutions and government agencies constituted more than 30% of the chip -euros -tranquility allocations.

Hamed Ali, CEO of NASDAC Dubai and the Dubai Financial Market said that this listing represents an important step that reflects the depth of relations with the most prominent Chinese financial institutions, and confirms Dubai’s position as a global capital of capital, and embodies the confidence of international investors in the advanced infrastructure provided by Nasdaq Dubai.

This dual -currency version comes within the framework of the bank’s strategy to diversify sources of financing in foreign currencies and expand the base of its international investors.

Since the resumption of its external publications in 2015, the Chinese Development Bank has succeeded in raising the equivalent of $ 42.5 billion through public and private publications, including the US dollar, the euro, the pound sterling and the dollar of Hong Kong.

Nasdaq Dubai continues to establish its position as a preferred platform for Chinese exporters, as fixed income tools of more than $ 13.4 billion issued by leading institutions such as the Industrial and Commercial Bank of China, China Bank, Chinese Construction Bank, Chinese Finance Ministry, and Hong Kong Government, and the total debt tools listed in Nasdak Dubai are currently 136.2 billion US dollars.

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