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March 7, 2018

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ICBC lists 2 bonds on Nasdaq Dubai

Source: Xinhua | 00:01 UTC+8 March 7, 2018 | Print Edition

THE Industrial and Commercial Bank of China became the biggest bond issuer on Nasdaq Dubai after listing two new bonds yesterday, Dubai International Financial Center said.

The two fixed income securities, worth US$700 million each, bring the total value of the ICBC listings on Nasdaq Dubai to US$3.56 billion in seven issuances, noted DIFC, the international exchange of the biggest financial free zone in the Middle East.

ICBC, the world’s largest bank by assets, set up its Dubai (DIFC) branch in 2008, which is the first branch set up in the Middle East by a Chinese bank.

“The listings underline the strong financial and economic relationship between Dubai and China, which is the largest trading partner of the United Arab Emirates,” DIFC said in a statement.

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