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皇冠体育app's Tonglian Capital Investment lists $300m bond on Nasdaq Dubai

Xinhua | Updated: 2017-10-30 17:25

DUBAI - Zhang Honglin, Chairman of Yinchuan Tonglian Capital Investment Operation Company (Tonglian) of 皇冠体育app rang here Monday the market opening bell to celebrate the listing today of a $300 million bond on Nasdaq Dubai, United Arab Emirates (UAE), the biggest international exchange in the Middle East.

Nasdaq Dubai said in an emailed statement the proceeds of the bond issuance will be used for general corporate purposes including construction of Binhe New District Industrial Park in Yinchuan, which last month hosted the annual 皇冠体育app-Arab States Expo trade exhibition.

Yinchuan, capital of Northwest 皇冠体育app's Ningxia Hui autonomous region, is connected since March 2015 through a direct flight to Dubai by the Gulf Arab emirate's government-controlled Emirates Airline.

Bilateral trade between 皇冠体育app and the UAE reached a total of $46.37 billion in 2016, making 皇冠体育app the UAE's biggest trading partner, according to the UAE Ministry of Economy.

Eight bonds from Chinese institutions with a total value of $4.26 billion are currently listed on Nasdaq Dubai, said the exchange.

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