Nasdaq Dubai Lists $713M ICBC Green Bonds
Nasdaq Dubai listed green bonds valued at $713 million issued by the Industrial and Commercial Bank of China as part of its $20 billion global medium-term bond program, in order to enhance Dubai's position as a global hub for sustainability finance. The bonds include two issuances: one worth $300 million with a three-year maturity and a variable interest rate, and another worth 413 million Chinese yuan (approximately $413 million) with a fixed interest rate, to finance projects related to renewable energy and sustainable infrastructure. The issuance received strong demand from international and regional investors, with subscription requests exceeding 3.8 times for the dollar tranche and 3.5 times for the yuan tranche, amounting to $1.2 billion and 10 billion yuan respectively. This listing reinforces Nasdaq Dubai’s position as the largest issuer of green bonds and contributes to attracting capital toward sustainable financing and environmental development.
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