China Construction Bank (CCB) celebrates listing of US$600 million Bond on Nasdaq Dubai

WAM -- 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 US$600 million Bond on Nasdaq Dubai, under the bank’s $6 billion medium term note programme.

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

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, attended the ceremony.

Yuan Shengrui said, "We look forward to 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."

Essa Kazim 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."

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

Al Fahim said, "We look forward to further listings from businesses based in East Asian region. We are committed to continually enhancing our pre and post listing infrastructure to meet and exceed their expectations."

Hamed Ali said, "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."

WAM/AAMIR/Moran