China’s ICBC Lists Three Green Bonds on Nasdaq Dubai

The Industrial and Commercial Bank of China Limited (ICBC) ON Thursday listed three Green Bond issuances totalling $1.72 billion on Nasdaq Dubai. The bonds were issued under the bank’s $20 billion Global Medium Term Note Programme by its branches in Dubai (DIFC), Hong Kong, and Singapore.

These issuances further strengthened ICBC’s position as the leading Chinese issuer, as well as the leading RMB denominated bond issuer on the exchange.

China’s Ambassador to the UAE Zhang Yiming rang the bell at the market-opening ceremony at Nasdaq Dubai in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM) and Liu Hua, General Manager of ICBC Dubai (DIFC) Branch.

Liu Hua said that the successful listing of ICBC’s multi-currency carbon neutrality-themed green bonds issued by its three branches reflects ICBC’s confidence and commitment to the UAE capital market.

“As a pioneer in green financing, ICBC has significantly contributed to the environmental sustainability by extending green products, particularly within the framework of the Belt and Road Initiative. With a cumulative total of $5.6 billion outstanding bonds in the UAE, ICBC reaffirms its strategic foresight and dedication to fostering eco-friendly and sustainable development globally,” Hua added.

Welcoming the listings, Hamed Ali said that the ICBC’s latest multi-currency Green Bond listings to Nasdaq Dubai, reflect the strength of their partnership and the growing appeal of Dubai’s capital markets among international issuers.

“These listings underscore Dubai’s role as a trusted global hub for sustainable finance and reinforce our commitment to providing a transparent, innovative, and efficient marketplace that supports responsible investment. We look forward to continuing our collaboration with ICBC as they expand their ESG footprint globally,” he added.

Nasdaq Dubai’s Total Debt Listings

Following this listing, Nasdaq Dubai’s total debt listings have reached $136 billion, including $40 billion in bonds and $17 billion in Green Bonds. The exchange’s ESG-related issuance portfolio at $29 billion, reaffirms its leadership in advancing sustainable finance across the region and beyond.

Nasdaq Dubai continues to cement its position as a global leader in fixed income listings and a central platform for sustainable investment.

ICBC was established on 1 January 1984 and on 28 October 2005, the bank was wholly restructured to a joint-stock limited company. On 27 October 2006, it was successfully listed on both Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited.