China: ICBC lists 700 mln USD dual-currency green bonds on Nasdaq Dubai
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
The Dubai branch of the Industrial and Commercial Bank of China Ltd. (ICBC) on Thursday held a bell-ringing ceremony at Nasdaq Dubai to mark the listing of its global dual-currency green bonds themed after “China-Arab states renewable energy cooperation.”
The dual-currency green bonds, denominated in U.S. dollars and offshore Chinese renminbi, have a combined issuance size of 700 million U.S. dollars and were listed simultaneously in Dubai, Hong Kong and London.
Bond proceeds will be used to support low-carbon projects in the renewable energy sector in China and Arab countries, according to ICBC.
Following the listing, ICBC’s cumulative issuance of renminbi-denominated bonds on Nasdaq Dubai has exceeded 10 billion yuan (about 1.49 billion dollars), the bank said.
Reference Link:- https://english.news.cn/20260904/f56a85d47d35404b952cb7e7baaa9078/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
