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Mon 21 Oct 2019 01:52 PM

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World's largest bank lists $1bn bonds on Nasdaq Dubai

Dubai bourse welcomes listing of two $500m bonds by Commercial Bank of China

World's largest bank lists $1bn bonds on Nasdaq Dubai

The bonds listed by the world’s largest bank by assets bring the total value of all bonds listed on Nasdaq Dubai by ICBC to $4.56 billion from nine issuances.

Nasdaq Dubai, the international financial exchange in the Middle East, has welcomed the listing of two bonds with a total value of $1 billion by Industrial and Commercial Bank of China (ICBC).

The two $500 million bonds listed by the world’s largest bank by assets bring the total value of all bonds listed on Nasdaq Dubai by ICBC to $4.56 billion from nine issuances.

This is the highest value of conventional bond listings on the exchange by any overseas issuer.

All the bonds were issued by ICBC Dubai (DIFC) branch.

The listings underline the strong financial and economic relationship between Dubai and China, which is the UAE’s largest non-oil trading partner.

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