UAE

Life and Living

World

Opinion

Business

Sports

Entertainment

Lifestyle

Travel

Reviews

Brands

Supplements

KT Events

KT APPDOWNLOAD

Type your keywords

China bank lists $400m bond on Nasdaq Dubai

Nasdaq Dubai has positioned itself as the leading financial centre in the Middle East.

dubai - Industrial and Commercial Bank of China already has a $500 million listing on the exchange

Read more...

By Staff Report

Published: Sun 19 Jun 2016, 3:06 PM

Last updated: Sun 19 Jun 2016, 5:09 PM

Nasdaq Dubai welcomed the listing on Sunday of a $400 million 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."

- business@khaleejtimes.com

Staff Report

Published: Sun 19 Jun 2016, 3:06 PM

Last updated: Sun 19 Jun 2016, 5:09 PM

Recommended for you