NASDAQ Dubai has announced the listing of three green bond issuances totaling $1.72 billion from the Industrial and Commercial Bank of China (ICBC). These bonds were issued as part of the bank’s $20 billion global medium-term note program through its branches located in Dubai (Dubai International Financial Centre), Hong Kong, and Singapore.
The issuance from the Hong Kong branch includes bonds with a variable interest rate amounting to $1,000,000,000, maturing in 2028.
The Singapore branch issued bonds with a fixed interest rate of 4.125%, totaling $300,000,000, also due in 2028.
From the Dubai branch (Dubai International Financial Centre), bonds were released worth 3,000,000,000 Chinese Yuan with an interest rate of 2.00%, maturing in 2028.
These issuances reinforce ICBC’s status as a leading Chinese issuer and the largest issuer of yuan-denominated bonds on the exchange.
To celebrate the listing, Chang Yi Ming, the Ambassador of the People’s Republic of China to the UAE, rang the opening bell at NASDAQ Dubai alongside Hamed Ali, CEO of NASDAQ Dubai and Dubai Financial Market, and Liu Hua, General Manager of the Dubai branch (Dubai International Financial Centre).
Liu Hua commented that the successful listing of the multi-currency green bonds linked to climate action and carbon reduction — issued by the bank’s branches in Dubai, Hong Kong, and Singapore at NASDAQ Dubai — showcases the bank’s confidence and commitment to the UAE’s capital market. As a pioneer in green financing, the bank has made significant contributions to enhancing environmental sustainability through green products, particularly within the Belt and Road Initiative. With a cumulative value of $5.6 billion in bonds issued in the UAE, the bank reaffirms its dedication to executing its strategic vision while supporting global sustainable development efforts that consider environmental standards.
Hamed Ali added, “We are pleased to welcome the latest listing of multi-currency green bonds from ICBC at NASDAQ Dubai, marking a reflection of our strong partnership and the growing appeal of Dubai’s capital markets to international issuers. These listings emphasize Dubai’s position as a trusted global hub for sustainable finance and reinforce our commitment to providing a transparent, innovative, and efficient financial marketplace that fosters responsible investments. We look forward to continued collaboration with the bank as it expands its global footprint in environmental, social, and governance initiatives.”
With this latest listing, the total value of debt instruments on NASDAQ Dubai now reaches $136 billion, including $40 billion in bonds and $17 billion in green bonds. The exchange’s portfolio of environmentally and socially responsible issuances has surpassed $29 billion, enhancing its leadership in facilitating and empowering sustainable financing both regionally and globally.
NASDAQ Dubai continues to solidify its reputation as a leading global platform for listing fixed-income instruments and a central hub for sustainable investment.