Bank of China lists green bonds on Nasdaq Dubai: Bank of China, one of China’s four largest commercial banks, listed a USD 400 mn green bond issued by its Dubai branch on Nasdaq Dubai, according to a statement. The issuance is part of the lender’s USD 40 bn medium-term note programme.

The details: Net proceeds of the bonds, which will have a maturity of three years, will be used to finance or refinance eligible green projects, according to the statement. The fresh listing brings the bank’s listings from its Luxembourg and Dubai branches on Nasdaq Dubai to USD 1.47 bn.

With a boost for ESG-related issuances on Nasdaq Dubai: The listing brings Nasdaq Dubai’s ESG-related issuances to USD 30 bn and total value of listed bonds to USD 41 bn, according to the statement. Nasdaq Dubai said the listings contribute “to the exchange’s growing standing as a global leader in fixed income listings and a central hub for sustainable financial instruments.”

REMEMBER- Kuwait’s Warba Bank listed its USD 500 mn green sukuk on Nasdaq Dubai last month. Indonesia also listed in July a three-tranche global sukuk issuance totalling USD 2.35 bn on Nasdaq Dubai, including a USD 600 mn green sukuk tranche. Emirates Islamic recently listed its debut USD 750 mn five-year senior sustainability sukuk on the exchange.

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