Dubai – Nasdaq Dubai welcomed the listing today of two bonds with a total value of 1.4 billion US dollars issued by Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets.
The bonds of 700 million US dollars each bring the total value of listings by ICBC on Nasdaq Dubai to 3.56 billion US dollars 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.
About Nasdaq Dubai
Nasdaq Dubai is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, derivatives, Sukuk (Islamic bonds), conventional bonds and Real Estate Investment Trusts (REITS).
The majority shareholder of Nasdaq Dubai is Dubai Financial Market with a two-thirds stake. Borse Dubai owns one third of the shares. The regulator of Nasdaq Dubai is the Dubai Financial Services Authority (DFSA). Nasdaq Dubai is located in the Dubai International Financial Centre (DIFC).
© Press Release 2018
