•ICBC, a state-owned multinational bank, has recently listed green bonds totaling $2.03 billion on Nasdaq Dubai.
•The green bonds issued by ICBC are in alignment with the multi-currency Belt and Road Initiative (BRI), highlighting the bank’s commitment to environmentally friendly financing and supporting sustainable development projects.
•This strategic listing positions ICBC as the largest issuer of green bonds on Nasdaq Dubai, with a cumulative total of $6.93 billion. It further solidifies ICBC’s status as the leading Chinese issuer on the exchange, contributing a total of $7.43 billion.
Industrial and Commercial Bank of China Limited (ICBC), a state-owned multinational bank, has recently marked a financial move by listing green bonds amounting to $2.03 billion on Nasdaq Dubai, according to media reports.
This strategic listing encompasses four issuances by ICBC’s branches situated in Dubai (DIFC), Hong Kong, Singapore, and Luxembourg, as outlined in the statement from the Dubai-based global financial exchange.
Notably, these green bonds are aligned with the multi-currency Belt and Road Initiative (BRI), reinforcing ICBC’s commitment to sustainable and environmentally friendly financing.
This listing not only positions ICBC as the largest issuer of green bonds on Nasdaq Dubai, with a cumulative total of $6.93 billion but also solidifies its status as the leading Chinese issuer on the exchange, contributing a total of $7.43 billion.
The move follows a similar trend in the region, with Bank of China Limited, another major state-owned commercial bank in China, debuting green bonds worth $770 million on Nasdaq Dubai in October of this year.
This series of listings reflects the growing prominence of Chinese financial institutions in embracing green finance and sustainable investment, aligning with global environmental and social responsibility goals.
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