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ICBC issues $400 mln in bonds in Dubai

CCTV.com

11-14-2016 16:45 BJT

China's biggest lender, the Industrial and Commercial Bank of China, has issued $400 million worth of bonds in Dubai. The issue is the bank's second in the city after it sold $500 million worth of bonds in May 2015. The capital raised through the bonds will be used to finance projects in the Middle East under China's One Belt One Road initiative.

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