DUBAI 25 May 2017: Nasdaq Dubai welcomed the listing of three bonds issued by the DIFC Branch of the Industrial and Commercial Bank of China Dubai, ICBC.
CBC was ranked the largest bank in the world by market capitalisation in 2016 by Forbes magazine.
ICBC listed two bonds of US$400 million and $300 million respectively, as well as a bond of 500 million Euros.
The listings underline the expansion of the bank’s activities across the region as well as the growing financial relationship between Dubai and China. The bank operates across 42 countries and territories.
A total of five ICBC bonds are now listed on the exchange, following the listings of $500 million bond in May 2015 and a $400 million bond in June 2016.
Nasdaq Dubai provides ICBC and its other issuers with close links to investors around the world and a first class listing infrastructure.
By Rajive Singh