Dubai Financial Market and Zhou Xiaodong

ICBC: The ICBC will use the bond proceeds to fund its expansion in the region, Zhou said, according to Xinhua China. The bond is a part of ICBC Middle East 4 billion dollar euro medium term note program. Zhou Xiaodong, general manager of ICBC Middle East Institutions and ICBC Dubai Branch, and Essa Kazim, chairman of Dubai Financial Market, rang the opening bell to celebrate the listing. EMTNs are medium-term debt notes which require maturities of five years or less and fixed, dollar-denominated payments. "The listing promotes the global visibility of our bond, which received strong interest from investors in the region as well as Asia and Europe," Zhou told Xinhua. For his part, Kazim said "Dubai growing capital market links with China underline the emirate position as a successful international financial center that attracts participation from around the world. He added that ICBC decision to raise capital in the Middle East underlines the bank growing commitment to the region in which it seeks to expand its operations. (news.financializer.com). As reported in the news.