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21 October 2019
MARKETS

China’s ICBC lists $1 billion bonds on Nasdaq Dubai

The two bonds of $500 million each bring the total value of all bonds listed on Nasdaq Dubai by the lender to $4.56 billion from nine issuances.

Bloomberg/Tomohiro Ohsumi

by Kudakwashe Muzoriwa

China’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. 


RELATED STORIES: INDUSTRIAL AND COMMERCIAL BANK OF CHINA NASDAQ DUBAI


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