Bloomberg/Tomohiro Ohsumi
by Kudakwashe MuzoriwaChina’s Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, has listed a $1 billion dual bond on Nasdaq Dubai.
Nasdaq Dubai stated that this is the highest value of conventional bond listings on the exchange by any overseas issuer.
The listings underline the strong financial and economic relationship between Dubai and China, which is the UAE’s largest non-oil trading partner.
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CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.
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