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More issuers turn to Dubai listings as yuan bonds gain traction in the Middle East
Yahoo Finance· 2026-01-03 09:30
Core Insights - Increased interest from Chinese and local issuers in listing debt and equity securities in Dubai indicates growing confidence in the Chinese economy and the strengthening economic corridor between China and the Middle East [1][4] Group 1: Market Developments - Emirates NBD Bank recently issued an offshore yuan bond worth 1 billion yuan (approximately US$143 million) on Nasdaq Dubai, marking a return to the dim sum bond market and allowing global investors access to yuan-denominated bonds outside China [2] - The issuance of the 1 billion yuan bond, which has a 2.4% coupon maturing in 2028, reflects strong investor confidence in the Chinese economy and highlights the demand for yuan-based funding and investment [4] - The Dubai International Financial Centre (DIFC) is home to several Chinese banks that are active in financial services and trade financing, particularly in relation to the Belt and Road Initiative [5] Group 2: Market Positioning - Dubai's debt market is robust, with Nasdaq Dubai hosting over US$145 billion in outstanding debt securities as of December, making it a leading platform for international fixed-income instruments, especially in the sukuk market [6] - The equity market in Dubai is still developing compared to Hong Kong, indicating potential growth opportunities in this sector [5] - The interest in dim sum bonds outside Hong Kong demonstrates a growing appetite for China-related financial products in Dubai [3]