Bank of China has listed the world’s first “One Belt, One Road” Green Bonds on the Nasdaq Dubai Exchange in the UAE.
The green bonds, totaling $770 million, will fund eco-friendly projects in countries along the “One Belt, One Road” initiative. They are jointly issued by Bank of China’s overseas branches in Dubai and Luxembourg, with a three-year maturity.
Zhang Xiaodong, Bank of China’s Vice President, emphasized the bank’s commitment to green finance and its transformation into a low-carbon inclusive green economy, reflecting a decade of active participation in over 900 projects related to the “One Belt, One Road” initiative. Hamid Ali, CEO of Dubai Financial Market and Nasdaq Dubai Exchange, noted that this listing will enhance cooperation between the two entities.
Author: Bryan Groenendaal