NASDAQ Dubai yesterday welcomed the listing of two bonds totaling $ 1 billion by the Industrial and Commercial Bank of China (ICBC), the world's largest bank by assets.
With the listing of these two bonds, each worth $ 500 million, the total value of the bonds listed by the Industrial and Commercial Bank of China in Nasdaq Dubai is $ 4.56 billion through nine listings, the exchange said in a statement. The largest value of bonds listed on the exchange by an external issuer. All bonds were issued by the Industrial and Commercial Bank of China branch in Dubai.
NASDAQ Dubai stressed that this listing strengthens the strong financial and economic ties between Dubai and China, the UAE's largest non-oil trading partner.
Sindhi Industrial and Commercial Bank of China was listed for $ 500 million each at Nasdaq Dubai on October 17, 2019.
Headquartered in the Dubai International Financial Center, NASDAQ Dubai is the global financial exchange for the region between Western Europe and East Asia. It receives issuers looking to take advantage of regional and international investment opportunities.
The exchange currently lists shares, derivatives, sukuk (Islamic bonds), conventional bonds and real estate investment funds.