Nasdaq Dubai welcomes two more bonds by China bank

By Rajive Singh

DUBAI 7 March 2018: Nasdaq Dubai welcomed the listing yesterday of two bonds with a total value of US$1.4 billion  issued by Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets.

The bonds of $700 million each bring the total value of listings by ICBC on Nasdaq Dubai to $3.56 billion from seven issuances, the highest value of bond listings on the exchange by any overseas issuer. All the bonds were issued by ICBC Dubai (DIFC) Branch.

The listings underline the strong financial and economic relationship between Dubai and China, which is the UAE’s largest trading partner.

Nasdaq Dubai, the region’s international exchange, provides ICBC and its other issuers with a first class listing infrastructure as well as close links to investors around the world.