Bank of China Dubai Branch's RMB 2 billion (approximately $299.6 million) two-year Magnolia Bond debuted on Nasdaq Dubai on Tuesday, with the order book oversubscribed by more than 5 times and pricing tightened by 50 basis points from initial guidance. This marks the first offshore bond in the Middle East and North Africa region to utilize the Magnolia framework, and the first time a Magnolia structure has been listed on Nasdaq Dubai, highlighting strong global investor interest in RMB assets.