Nasdaq Dubai .. Insert green bonds at $ 1.72 billion from the Chinese Industrial and Commercial Bank
Dubai, June 12 / WAM / Nasdaq Dubai today welcomed the inclusion of three versions of green bonds with a total value of $ 1.72 billion by the Chinese Industrial and Commercial Bank.
The bonds were issued within the international medium -term program for the bank, which amounts to $ 20 billion, through its branches in Dubai, “Dubai International Financial Center”, Hong Kong and Singapore.
The publications include the issuance of the bank’s branch in Hong Kong bonds at a variable interest rate of one billion dollars worth in 2028, the issuance of the bank’s branch in Singapore with a interest rate of 4.125% at a value of $ 300 million, which is due in 2028, and the issuance of the bank’s branch in Dubai, the “Dubai International Financial Center” bonds worth 3 billion Chinese yuan with a interest rate of 2% and deserved in 2028.
These versions reinforce the status of the Chinese Industrial and Commercial Bank as a leading Chinese export, in addition to being the largest exporter of bonds denominated by the Chinese yuan on the stock exchange.
In celebration of the listing, His Excellency Zhang Yi Ming, the Ambassador of the People’s Republic of China to the country, knocked on the Nasdaq Dubai Stock Exchange, along with Hamed Ali, CEO of NASDAC Dubai and Dubai Financial Market, and Leo Hua, Director General of the Bank’s branch in Dubai, “Dubai International Financial Center”.
Liu Hua said that the successful inclusion of the multi -currency green bonds, related to climate work and reduce carbon emissions, issued by the bank’s branches in Dubai, Hong Kong and Singapore in Nasdaq Dubai, is evidence of the bank’s confidence and commitment to the capital market in the UAE, and as a leading bank in green financing, the bank made great contributions to enhancing environmental sustainability by offering products Green, especially within the Belt and Road Initiative.
He added that with the total cumulative value of $ 5.6 billion in bonds in the UAE, the bank renews its keenness to implement its strategic vision and its commitment to support sustainable development efforts that take into account environmental standards around the world.
For his part, Hamed Ali, CEO of NASDAC Dubai and Dubai Financial Market, welcomed the latest inserts of multi -currency green bonds from the Chinese Industrial and Commercial Bank in NASDAC Dubai, in a move that reflects the strength of partnership and the growing attractiveness of the capital markets in Dubai with international exporters, indicating that these infections confirm Dubai’s position as a reliable global center for sustainable financing, and enhances commitment By providing a transparent, innovative and effective financial market that supports responsible investments.
He explained that with this inclusion, the total debt tools listed in NASDAC Dubai reaches 136 billion US dollars, including $ 40 billion of bonds, and $ 17 billion of green bonds, as the portfolio of publications related to environmental and social aspects and governance on the stock exchange exceeded $ 29 billion, which enhances its leadership in supporting and empowering sustainable financing at the region and the world level.
Nasdaq Dubai continues to establish its position as a leading global platform for the inclusion of fixed income tools and a pivotal center for sustainable investment.
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