Dubai – Mubasher: Industrial and Commercial Bank of China Dubai (DIFC) listed $400 million (AED 1.47 billion) bond on Nasdaq Dubai, according to a bourse statement.
The listing is the second bond that ICBC has brought to the Middle East’s international financial exchange.
Trade between the UAE and China reached $54.8 billion in 2015, a 16% annual increase over the previous six years.
ICBC’s $400 million bond listed on 19 June 19, following a $500 million bond by the bank in May 2015.
Bond listings on the exchange by Chinese banks currently total $1.98 billion.
