Nasdaq Dubai: Nasdaq Dubai today welcomed the listing of three Green Bond issuances totaling US$1.72 billion by Industrial and Commercial Bank of China Limited (ICBC). The bonds were issued under the bank's US$20 billion Global Medium Term Note Programme by its branches in Dubai (DIFC), Hong Kong, and Singapore.
According to Emirates News Agency, the listings include US$1 billion Floating Rate Notes due 2028 from ICBC's Hong Kong Branch, US$300 million 4.125% Notes due 2028 from its Singapore Branch, and CNH3 billion 2.00% Notes due 2028 from its Dubai (DIFC) Branch. These issuances further strengthened ICBC's position as the leading Chinese issuer, as well as the leading RMB denominated bond issuer on the exchange.
To commemorate the successful listing, Zhang Yiming, Ambassador of the People's Republic of China to the UAE, rang the bell at the market-opening ceremony at Nasdaq Dubai in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), and Liu Hua, General Manager of ICBC Dubai (DIFC) Branch.
Liu Hua expressed that the successful listing of ICBC's multi-currency carbon neutrality-themed green bonds issued by its branches in Dubai (DIFC), Hong Kong, and Singapore on Nasdaq Dubai reflects ICBC's confidence and commitment to the UAE capital market. ICBC has significantly contributed to environmental sustainability by extending green products, particularly within the framework of the Belt and Road Initiative. With a cumulative total of US$5.6 billion outstanding bonds in the UAE, ICBC reaffirms its strategic foresight and dedication to fostering sustainable development globally.
Hamed Ali remarked that they are delighted to welcome ICBC's latest multi-currency Green Bond listings to Nasdaq Dubai, highlighting the strength of their partnership and the growing appeal of Dubai's capital markets among international issuers. These listings underscore Dubai's role as a trusted global hub for sustainable finance and reinforce their commitment to providing a transparent, innovative, and efficient marketplace that supports responsible investment.
Following this listing, Nasdaq Dubai's total debt listings have reached US$136 billion, including US$40 billion in bonds and US$17 billion in Green Bonds. The exchange's ESG-related issuance portfolio at USD29 billion reaffirms its leadership in advancing sustainable finance across the region and beyond. Nasdaq Dubai continues to cement its position as a global leader in fixed income listings and a central platform for sustainable investment.