ICBC Lists $1.72 Billion Green Bonds on Nasdaq Dubai

Photo : Dubai Government Media Office

Nasdaq Dubai has announced the listing of three green bonds by the Industrial and Commercial Bank of China Limited (ICBC). The total value of these bonds is USD 1.72 billion. These bonds were issued under ICBC’s larger USD 20 billion Global Medium Term Note Programme. The bonds came from the bank’s branches located in Dubai International Financial Centre (DIFC), Hong Kong, and Singapore.

Here are the details of the three green bonds:

• ICBC Hong Kong Branch: USD 1 billion in Floating Rate Notes, set to mature in 2028.
• ICBC Singapore Branch: USD 300 million in 4.125% fixed-rate Notes, due in 2028.
• ICBC Dubai (DIFC) Branch: CNH 3 billion (Chinese Yuan) at 2.00% interest, maturing in 2028.

These green bond listings have made ICBC the largest Chinese bond issuer on Nasdaq Dubai and also the top issuer of bonds in Chinese currency (RMB) on the exchange.

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To celebrate this important occasion, a special bell-ringing ceremony was held at Nasdaq Dubai. His Excellency Zhang Yiming, the Chinese Ambassador to the UAE, rang the opening bell. He was joined by Hamed Ali, the CEO of Nasdaq Dubai and Dubai Financial Market (DFM), and Liu Hua, the General Manager of ICBC’s Dubai (DIFC) Branch.

Liu Hua shared that the listing of these green bonds shows ICBC’s trust in the UAE’s financial markets. He also mentioned that ICBC is committed to protecting the environment by offering green financial products. These efforts also support the goals of the Belt and Road Initiative, which focuses on international cooperation and development. ICBC now has USD 5.6 billion in total bonds listed in the UAE, showing its long-term dedication to sustainability and green growth.

Hamed Ali, CEO of Nasdaq Dubai and DFM, welcomed ICBC’s green bond listings. He said this shows the strong connection between ICBC and Dubai’s financial markets. He also added that Dubai continues to grow as a trusted place for global companies to raise money for eco-friendly projects. These green bonds also help promote responsible investment and show how Nasdaq Dubai supports the world’s move toward cleaner and more sustainable finance.

With these new listings, Nasdaq Dubai’s total debt listings now stand at USD 136 billion, which includes USD 40 billion in bonds and USD 17 billion in green bonds. The exchange’s total portfolio for ESG-related (Environmental, Social, and Governance) listings has reached USD 29 billion, making it a top leader in green finance in the region and beyond.

Nasdaq Dubai is now one of the most trusted platforms in the world for fixed-income investments and sustainable finance, helping companies and countries work toward a better, greener future.