Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Download our Media Kit

 





Home / News / Company News
Company News
   

China Construction Bank Celebrates Listing Of US$600 Million Bond On Nasdaq Dubai
(8 November 2016)

 

Yuan Shengrui, Senior Executive Officer of the DIFC branch of China Construction Bank (CCB), today rang the market-opening bell to celebrate the listing of a 600 million US dollar bond on Nasdaq Dubai,under the bank’s six billion US dollar Medium Term Note Programme.

CCB is one of China’s most prominent banks with a market capitalisation of 173.3 billion US dollars at the end of 2015, the fifth highest among listed banks in the world.

The listing supports the expansion of CCB’s commercial and financing activities across the Middle East, as well as underlining Dubai’s central role in the development of capital markets ties between the region and East Asia.

The bell ceremony took place in the presence of His Excellency Essa Kazim, Governor of Dubai International Financial Centre (DIFC)and Chairman of Dubai Financial Market (DFM); Abdul Wahed Al Fahim, Chairman of Nasdaq Dubai; and Hamed Ali, Chief Executive of Nasdaq Dubai.

Yuan Shengrui, Senior Executive Officerof CCB DIFC Branch, said:“The international framework provided by Nasdaq Dubai, as well as its close links to investors in its region and beyond, give China Construction Bank excellent visibility as we raise our profile across the Middle East. We look forward to further strengthening our ties with Dubai and the UAE, which offer a business-friendly and welcoming environment in which we can successfully pursue a broad range of financial activities.”

His Excellency Essa Kazim, Governor of DIFC and Chairman of DFM, said: “Dubai is committed to providing issuers from East Asia and around the world with an effective and responsive exchange architecture that meets all their requirements. Our ability to support the capital raising needs of a wide range of overseas issuers plays an important part in promoting dynamic and productive international partnerships.”

CCB’s bond listed on Nasdaq Dubai on October 4, 2016, as the largest single listing by a Chinese bank on the exchange. All bond and Sukuk listings on Nasdaq Dubai currently total 53.9 billion US dollars.

Abdul Wahed Al Fahim, Chairman of Nasdaq Dubai, said: “Drawing on the  capital markets expertise available in Dubai and our long traditions of building relationships with East Asian companies, we look forward to further listings from businesses based in that region. We are committed to continually enhancing our pre and post listing infrastructure to meet and exceed their expectations.”

Hamed Ali, Chief Executive of Nasdaq Dubai, said: “As one of China’s leading and most respected banks, CCB is an important addition to the growing range of Chinese debt issuers that have chosen Nasdaq Dubai as their listing venue. The exchange is positioned to support the needs of Chinese financial institutions and other enterprises in a variety of asset classes as they strengthen their business and financial activities in our region and promote international prosperity.

Download the Dubai City Guide iPhone mobile app

DubaiCityGuide.com is owned and managed by Cyber Gear


  All fields are mandatory
Your Name
Email
City
Country
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

     
 
email print
2079
 

Sponsored By : PressReleaseNetwork.com           Sponsored Opportunities

       
       
   
       

Daily Guide

 



Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
sitemap
Sitemap
DCG at a glance