Latest news with #ChinaDevelopmentBank
Hi Dubai
an hour ago
- Business
- Hi Dubai
China Development Bank Lists Dual-Currency Bonds on Nasdaq Dubai in Record-Setting Issuance
China Development Bank (CDB) has listed dual-currency bonds worth USD 1 billion on Nasdaq Dubai, marking a significant milestone in cross-border finance and reinforcing Dubai's role as a global hub for fixed income investment. The landmark issuance includes a USD 500 million three-year floating-rate bond and a EUR 500 million three-year fixed-rate bond. Both tranches, rated A1 by Moody's, attracted overwhelming investor demand—underscoring strong global appetite for Chinese credit and confidence in Dubai's market infrastructure. The euro tranche saw record demand, oversubscribed 15 times—setting a new high for a Chinese bank's public bond issuance. The US dollar tranche was oversubscribed three times, achieving the tightest spread to SOFR among similar issuances from Chinese institutions. Investors spanned across Europe, the Middle East, and Asia, with participation from sovereign entities, asset managers, and global banks. Notably, over 30% of euro tranche allocations went to top-tier Supranational, Sovereign, and Agency (SSA) investors. Hamed Ali, CEO of Nasdaq Dubai and DFM, said the listing further deepens ties with Chinese financial institutions and reaffirms Dubai's standing as a reliable platform for cross-border capital flows. CDB's dual-currency offering aligns with its broader strategy to diversify funding and grow its international investor base. Since 2015, the bank has raised USD 42.5 billion through offshore issuances in multiple currencies. Nasdaq Dubai now hosts over USD 13.4 billion in Chinese fixed income listings and more than USD 136.2 billion in total debt issuances. News Source: Emirates News Agency
Zawya
an hour ago
- Business
- Zawya
China Development Bank lists $1bln dual-currency bonds on Nasdaq Dubai
China Development Bank (CDB) has listed two bonds in multiple currencies with a combined value of more than $1 billion on Nasdaq Dubai. With an A1 rating from Moody's, the bonds comprise a $500 million three-year floating-rate tranche priced at SOFR +30 basis points and a EUR 500 million three-year fixed-rate tranche with a coupon of 2.25%. The dual-currency offering, which is part of the Chinese lender's strategy to diversify its foreign-currency funding and expand investor base, drew significant interest, particularly in Europe, the Middle East and Asia. The euro-denominated tranche was oversubscribed 15 times, the highest subscription level ever achieved by a Chinese lender in a single public bond issuance, while the US dollar tranche was oversubscribed three times. The issuance attracted interest from banks, sovereign entities, funds and asset managers from Switzerland, Germany, the UK, Spain, the Middle East and Asia. According to Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market, CDB's bond listing "underscores Dubai's position as a trusted global hub for cross-border capital flows". Nasdaq Dubai currently hosts more than $13.4 billion in Chinese fixed income listings from ICBC, Bank of China, China Construction Bank, China's Ministry of Finance and the Hong Kong Government. Total debt issuances listed on the exchange have exceeded $136.2 billion. (Writing by Cleofe Maceda; editing by Seban Scaria)
Al Etihad
20 hours ago
- Business
- Al Etihad
Nasdaq Dubai welcomes China Development Bank's Dual-Currency Bond Listing
9 July 2025 14:50 DUBAI (ALETIHAD)Nasdaq Dubai welcomed the landmark listing of dual-currency bonds issued by China Development Bank (CDB), reinforcing Dubai's status as a strategic international hub for fixed income issuances and cross-border bonds, admitted to Nasdaq Dubai's market and listed on the official securities list maintained by the Dubai Financial Services Authority (DFSA), include a USD 500 million three-year floating-rate tranche priced at SOFR +30 basis points and a EUR 500 million three-year fixed-rate tranche with a coupon of 2.25%. Both tranches have received an A1 rating from Moody's, indicating strong credit issuance attracted significant investor interest, particularly in Europe, the Middle East, and Asia. The euro-denominated tranche was oversubscribed 15 times, the highest subscription level ever achieved by a Chinese bank in a single public bond issuance. The US dollar tranche was oversubscribed three times, setting a record for the tightest spread to SOFR among comparable Chinese bank included banks, sovereign entities, funds, and asset managers from key financial centres such as Switzerland, Germany, the UK, Spain, the Middle East, and Supranational, Sovereign, and Agency (SSA) investors accounted for over 30% of the euro tranche of Nasdaq Dubai and Dubai Financial Market (DFM), Hamed Ali, said, 'We are pleased to welcome China Development Bank's landmark dual-currency bond listing to Nasdaq Dubai, further strengthening our deepening ties with China's leading financial institutions. This milestone underscores Dubai's position as a trusted global hub for cross-border capital flows and highlights the confidence international investors place in Dubai's market infrastructure.'The dual-currency issuance is part of CDB's strategy to diversify its foreign-currency funding and expand its international investor base. Since resuming offshore bond issuances in 2015, CDB has raised the equivalent of $42.5 billion in multiple currencies, including USD, EUR, GBP, and HKD, through public and private Dubai is continuing to expand its presence as a preferred venue for Chinese issuers. Currently, the exchange hosts over $13.4 billion in Chinese fixed-income listings from institutions including ICBC, Bank of China, China Construction Bank, China's Ministry of Finance and the Hong Kong Government. Total debt issuances listed on Nasdaq Dubai now exceed $136.2 billion.
Zawya
a day ago
- Business
- Zawya
Nasdaq Dubai welcomes China Development Bank's dual-currency bond listing
Listing underscores Nasdaq Dubai's role as a premier platform connecting global issuers and investors Dubai: Nasdaq Dubai welcomed the landmark listing of dual-currency bonds issued by China Development Bank (CDB), reinforcing Dubai's status as a strategic international hub for fixed income issuances and cross-border investments. The bonds, admitted to Nasdaq Dubai's market and listed on the official securities list maintained by the Dubai Financial Services Authority (DFSA), include a USD 500 million three-year floating-rate tranche priced at SOFR +30 basis points and a EUR 500 million three-year fixed-rate tranche with a coupon of 2.25%. Both tranches have received an A1 rating from Moody's, indicating strong credit quality. The issuance attracted significant investor interest, particularly in Europe, the Middle East, and Asia. The euro-denominated tranche was oversubscribed 15 times, the highest subscription level ever achieved by a Chinese bank in a single public bond issuance. The US dollar tranche was oversubscribed three times, setting a record for the tightest spread to SOFR among comparable Chinese bank issuances. Investors included banks, sovereign entities, funds, and asset managers from key financial centres such as Switzerland, Germany, the UK, Spain, the Middle East, and Asia. High-quality Supranational, Sovereign, and Agency (SSA) investors accounted for over 30% of the euro tranche allocations. Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), said: 'We are pleased to welcome China Development Bank's landmark dual-currency bond listing to Nasdaq Dubai, further strengthening our deepening ties with China's leading financial institutions. This milestone underscores Dubai's position as a trusted global hub for cross-border capital flows and highlights the confidence international investors place in Dubai's market infrastructure.' The dual-currency issuance is part of CDB's strategy to diversify its foreign-currency funding and expand its international investor base. Since resuming offshore bond issuances in 2015, CDB has raised the equivalent of USD 42.5 billion in multiple currencies, including USD, EUR, GBP, and HKD, through public and private placements. Nasdaq Dubai is continuing to expand its presence as a preferred venue for Chinese issuers. Currently, the exchange hosts over USD 13.4 billion in Chinese fixed income listings from institutions including ICBC, Bank of China, China Construction Bank, China's Ministry of Finance and the Hong Kong Government. Total debt issuances listed on Nasdaq Dubai now exceed USD 136.2 billion. About China Development Bank: Established in 1994, the China Development Bank is a state-owned development finance institution. CDB is dedicated to supporting China's economic development in key industries and under-developed sectors. With a mission to support national development and deliver a better life for the people, CDB aligns its business focus with China's major medium- and long-term economic development strategies. At the end of 2024, CDB had total assets of RMB 18.62 trillion. About Nasdaq Dubai: Nasdaq Dubai is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, derivatives, Sukuk (Islamic bonds), conventional bonds and Real Estate Investment Trusts (REITS). The majority shareholder of Nasdaq Dubai is Dubai Financial Market with a two-thirds stake. Borse Dubai owns one third of the shares. The regulator of Nasdaq Dubai is the Dubai Financial Services Authority (DFSA). For further information, please contact: Noora Al Soori Communications and Public Relations Dubai Financial Market E: nalsoori@ Shruti Choudhury Associate Director Edelman Smithfield E: dfmedelmansmithfield@
The Advertiser
2 days ago
- Business
- The Advertiser
Trade boost, security concern force China balancing act
Prime Minister Anthony Albanese will need to delicately balance Australia's economic interests with security concerns as he prepares to travel to China. Mr Albanese will leave for China on Saturday for a week-long tour across Beijing, Shanghai and Chengdu, accompanied by a delegation of Australian business leaders. The prime minister will meet with President Xi Jinping, Premier Li Qiang and Chairman Zhao Leji to discuss global and regional issues as well as trade and tourism opportunities. It's his second trip to China after his first in November 2023. Australia and China have largely stabilised a tense relationship that culminated in billions of dollars worth of trade barriers against Australian products. But issues of contention remain, including Chinese military forces performing dangerous actions towards Australian defence personnel and the continued imprisonment of Australian Yang Hengjun. The writer was given a suspended death sentence after being charged with espionage offences, the basis of which was kept secret. Australia has strongly denounced the sentence and called for his release. "We will continue to patiently and deliberately work towards a stable relationship with China, with dialogue at its core," Mr Albanese said in a statement on Tuesday, but didn't mention the writer. "I will raise issues that are important to Australians and the region." Australia has repeatedly raised concerns about a lack of transparency over China's unprecedented military build up and denounced any security presence in the Pacific as Beijing courts influence with Pacific island nations. Mr Albanese will travel with notable Australian business leaders to attend a roundtable with Chinese representatives from the business, tourism and sport industries. The Business Council and China Development Bank will host the Australia-China CEO roundtable in Beijing. Mr Albanese and Premier Li will attend, with the focus expected to be on green iron and metals, research and development, education, finance and clean energy technology. The Australian business delegation includes the heads of major banks, mining companies, universities and insurance companies. Business Council chief executive Bran Black said the private sector could help boost economic opportunities between Australia and China. "It's a partnership that matters deeply to our nation's success," he said. Prime Minister Anthony Albanese will need to delicately balance Australia's economic interests with security concerns as he prepares to travel to China. Mr Albanese will leave for China on Saturday for a week-long tour across Beijing, Shanghai and Chengdu, accompanied by a delegation of Australian business leaders. The prime minister will meet with President Xi Jinping, Premier Li Qiang and Chairman Zhao Leji to discuss global and regional issues as well as trade and tourism opportunities. It's his second trip to China after his first in November 2023. Australia and China have largely stabilised a tense relationship that culminated in billions of dollars worth of trade barriers against Australian products. But issues of contention remain, including Chinese military forces performing dangerous actions towards Australian defence personnel and the continued imprisonment of Australian Yang Hengjun. The writer was given a suspended death sentence after being charged with espionage offences, the basis of which was kept secret. Australia has strongly denounced the sentence and called for his release. "We will continue to patiently and deliberately work towards a stable relationship with China, with dialogue at its core," Mr Albanese said in a statement on Tuesday, but didn't mention the writer. "I will raise issues that are important to Australians and the region." Australia has repeatedly raised concerns about a lack of transparency over China's unprecedented military build up and denounced any security presence in the Pacific as Beijing courts influence with Pacific island nations. Mr Albanese will travel with notable Australian business leaders to attend a roundtable with Chinese representatives from the business, tourism and sport industries. The Business Council and China Development Bank will host the Australia-China CEO roundtable in Beijing. Mr Albanese and Premier Li will attend, with the focus expected to be on green iron and metals, research and development, education, finance and clean energy technology. The Australian business delegation includes the heads of major banks, mining companies, universities and insurance companies. Business Council chief executive Bran Black said the private sector could help boost economic opportunities between Australia and China. "It's a partnership that matters deeply to our nation's success," he said. Prime Minister Anthony Albanese will need to delicately balance Australia's economic interests with security concerns as he prepares to travel to China. Mr Albanese will leave for China on Saturday for a week-long tour across Beijing, Shanghai and Chengdu, accompanied by a delegation of Australian business leaders. The prime minister will meet with President Xi Jinping, Premier Li Qiang and Chairman Zhao Leji to discuss global and regional issues as well as trade and tourism opportunities. It's his second trip to China after his first in November 2023. Australia and China have largely stabilised a tense relationship that culminated in billions of dollars worth of trade barriers against Australian products. But issues of contention remain, including Chinese military forces performing dangerous actions towards Australian defence personnel and the continued imprisonment of Australian Yang Hengjun. The writer was given a suspended death sentence after being charged with espionage offences, the basis of which was kept secret. Australia has strongly denounced the sentence and called for his release. "We will continue to patiently and deliberately work towards a stable relationship with China, with dialogue at its core," Mr Albanese said in a statement on Tuesday, but didn't mention the writer. "I will raise issues that are important to Australians and the region." Australia has repeatedly raised concerns about a lack of transparency over China's unprecedented military build up and denounced any security presence in the Pacific as Beijing courts influence with Pacific island nations. Mr Albanese will travel with notable Australian business leaders to attend a roundtable with Chinese representatives from the business, tourism and sport industries. The Business Council and China Development Bank will host the Australia-China CEO roundtable in Beijing. Mr Albanese and Premier Li will attend, with the focus expected to be on green iron and metals, research and development, education, finance and clean energy technology. The Australian business delegation includes the heads of major banks, mining companies, universities and insurance companies. Business Council chief executive Bran Black said the private sector could help boost economic opportunities between Australia and China. "It's a partnership that matters deeply to our nation's success," he said. Prime Minister Anthony Albanese will need to delicately balance Australia's economic interests with security concerns as he prepares to travel to China. Mr Albanese will leave for China on Saturday for a week-long tour across Beijing, Shanghai and Chengdu, accompanied by a delegation of Australian business leaders. The prime minister will meet with President Xi Jinping, Premier Li Qiang and Chairman Zhao Leji to discuss global and regional issues as well as trade and tourism opportunities. It's his second trip to China after his first in November 2023. Australia and China have largely stabilised a tense relationship that culminated in billions of dollars worth of trade barriers against Australian products. But issues of contention remain, including Chinese military forces performing dangerous actions towards Australian defence personnel and the continued imprisonment of Australian Yang Hengjun. The writer was given a suspended death sentence after being charged with espionage offences, the basis of which was kept secret. Australia has strongly denounced the sentence and called for his release. "We will continue to patiently and deliberately work towards a stable relationship with China, with dialogue at its core," Mr Albanese said in a statement on Tuesday, but didn't mention the writer. "I will raise issues that are important to Australians and the region." Australia has repeatedly raised concerns about a lack of transparency over China's unprecedented military build up and denounced any security presence in the Pacific as Beijing courts influence with Pacific island nations. Mr Albanese will travel with notable Australian business leaders to attend a roundtable with Chinese representatives from the business, tourism and sport industries. The Business Council and China Development Bank will host the Australia-China CEO roundtable in Beijing. Mr Albanese and Premier Li will attend, with the focus expected to be on green iron and metals, research and development, education, finance and clean energy technology. The Australian business delegation includes the heads of major banks, mining companies, universities and insurance companies. Business Council chief executive Bran Black said the private sector could help boost economic opportunities between Australia and China. "It's a partnership that matters deeply to our nation's success," he said.
