Nasdaq Dubai welcomes listing of three bonds by Industrial and Commercial Bank of China (ICBC)
Nasdaq Dubai, the region’s international financial exchange, welcomed the listing today of three bonds issued by Industrial and Commercial Bank of China Dubai (DIFC) Branch. ICBC was ranked the largest bank in the world by market capitalization in 2016 by Forbes magazine.
ICBC listed two bonds of 400 million US dollars and 300 million US dollars 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 a 500 million US dollar bond in May 2015 and a 400 million US dollar bond in June 2016.Nasdaq Dubai provides ICBC and its other issuers with close links to investors around the world as well as a first class listing infrastructure.