Dubai – Mubasher: Nasdaq Dubai welcomed the listing of two $1.4 billion bonds, $700 million for each, issued by Industrial and Commercial Bank of China (ICBC), the UAE-based bourse said in a statement.
The new listing brought the total value of ICBC’s listings on Nasdaq Dubai to $3.56 billion from seven issuances, making the Chinese bank the top overseas bond issuer on the exchange in terms of value.
“The listings underline the strong financial and economic relationship between Dubai and China, which is the UAE’s largest trading partner,” the regional stock exchange commented.
