Agriculture Bank of China lists USD 400 mn bonds on Nasdaq Dubai

The Agricultural Bank of China lists USD 400 mn notes on Nasdaq Dubai for the second time: The Agricultural Bank of China (ABC)’s DIFC branch listed bonds worth USD 400 mn on Nasdaq Dubai yesterday, according to a statement. The debt offering marks the bank’s second listing on the Dubai market.

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About the issuance: Issued under ABC’s USD 15 bn medium-term note programme, the Belt and Road-themed issuances bonds are set to mature in 2027. The Chinese lender’s listing brings the total outstanding fixed incomes listings on Nasdaq Dubai to USD 135 bn.

Background: Back in 2014, ABC made its debut on the Dubai market, with a USD 163 mn bond issuance, the first Chinese fixed income listing on a MENA stock market. It’s not clear who advised ABC on the issuance.