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UAE: Nasdaq Dubai celebrates China's listing of 2 bln-USD sovereign bonds

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Dubai, United Arab Emirates - November 27, 2024 The Nasdaq Dubai Exchange in Dubai, United Arab Emirates (UAE), held a bell-ringing ceremony on Wednesday for the listing of two billion-U.S. dollar sovereign bonds issued by China's Ministry of Finance. Zhang Yiming, Chinese Ambassador to the UAE, Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM) along with other officials and guests attended the ceremony. It also marks a milestone as the first time China has listed its sovereign bonds in the Middle East. Of the total, the issuance of three-year bonds stood at 1.25 billion U.S. dollars in value with an interest rate of 4.284 percent, and the issuance of five-year bonds totaled 750 million U.S. dollars with a yield of 4.340 percent. So far, the total subscription amount has exceeded the issue amount by nearly 20 times. Zhang said that through cooperation in the investment and financial fields, China-UAE pragmatic cooperation will become closer with broader prospects in the future. Hamid Ali said that this listing is an important milestone in the continued cooperation between Nasdaq Dubai and international issuers Shotlist: Dubai, UAE - Nov 27, 2024: 1. Guests applauding at listing ceremony of 2 billion-U.S. dollar bonds issued by Chinese Ministry of Finance at Nasdaq Dubai; 2. Various of Zhang Yiming (M), Ambassador of China to UAE signing on document, shaking hands with Hamed Ali, CEO of Nasdaq Dubai/Dubai Financial Market; 3. Various of event setting, opening bell; 4. SOUNDBITE (Chinese) Zhang Yiming, Chinese Ambassador to UAE (ending with shots 5-6): "The Chinese government chose Nasdaq Dubai to issue its first sovereign bonds. I think it not only reflects the depth of cooperation between China and the UAE in the field of investment and financing, it is also important to reflect our China's active support for the efforts of Dubai and the UAE to build itself into a regional financial hub and promote the construction of orderly and open financial markets."; FILE: Dubai, UAE - Sept 5, 2016 5. Sign reading "Nasdaq Dubai"; 6. World clocks; 7. Dubai Financial Market (DFM) exchange interior; 8. Various of DFM sign on wall; FILE: Dubai, UAE - September 2023 9. Aerial shot of cityscape; 10. Burj Khalifa; Dubai, UAE - Nov 27, 2027 11. SOUNDBITE (English) Hamed Ali, CEO, Nasdaq Dubai/Dubai Financial Market (DFM): "One of the key connections that we enjoy here in Dubai is the relationship with Asia Pacific which is one of the most growing jurisdictions of the past two years."; FILE: Dubai, UAE - Date Unknown 12. Aerial shot of cityscape; FILE: Dubai, UAE - July 7, 2018 13. Buildings, traffic; FILE: Dubai, UAE - Date Unknown 14. Skyscrapers; 15. National flag of UAE; FILE: Abu Dhabi, UAE - July 20, 2018 16. Presidential Palace; FILE: Dubai, UAE - Date Unknown 17. Skyscrapers. [Restriction - No access Chinese mainland]

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