ICBC Dubai: Best International Bank Bond Issuer EMEA 2020

The Industrial and Commercial Bank of China (ICBC) has distinguished itself with 36-years of steady progress and innovation. The group serves millions of clients, corporate and individual, via a global network including more than 400 branches and subsidiaries across 49 countries. ICBC has been active in the Middle East since 2008, and its DIFC operation in Dubai is a crucial part of that five-branch regional network. It is a reliable regional issuer of medium-term notes (MTNs) and certificates of deposit (CDs). Highlights from recent activity include a $1bn MTN with three-year and five-year $500m tranches that has been twice oversubscribed, and an $8bn CD programme that has seen a 71 percent increase from 2019 to 2020. ICBC Dubai collaborates with regional governments, sovereign institutions and corporate partners to drive strategic infrastructure investment, economic diversification and green development. In 2020, ICBC Dubai acted as co-manager on the Samba Bank bond issuance, as joint lead manager on the Emirates NBD PJSC senior unsecured bond issuance, and in a passive role on the Dubai Islamic Bank sukuk issuance. ICBC Dubai is ever alert for opportunities to support economic development and strengthen relationships within the GCC region. It focuses on providing financial services that serve the real economy. The CFI.co judging panel presents ICBC Dubai (DIFC) Branch, a repeat programme winner, with the 2020 award for Best International Bank Bond Issuer (EMEA).