Dubai: Nasdaq Dubai welcomed the listing today of a $400 million (Dh1.5 billion) conventional bond by the Industrial and Commercial Bank of China, ICBC. It was the second bond to be listed by ICBC on the Middle East’s international exchange, following a $500 million listing in May, 2015. The new listing underlines the continuing expansion of capital markets links between the UAE and China, as well as the success of Dubai in positioning itself as the leading financial centre in the Middle East.
Hamed Ali, Chief Executive of Nasdaq Dubai, said, “Nasdaq Dubai provides ICBC with high regional and global visibility as well as close links with investors everywhere. We look forward to welcoming further listings from China in a range of asset classes.”
