(Yicai) Oct. 28 -- China Citic Bank, one of the country’s first commercial lenders to take part in both the domestic and international financial markets, has dual listed bonds on the London and Hong Kong stock exchanges for the first time.

Citic Bank’s London branch listed USD300 million of floating rate notes on the London Stock Exchange’s international securities market yesterday, the bourse announced the same day. This bonds were also listed on the Hong Kong Stock Exchange.

A market opening ceremony was held at the LSE to celebrate the listing, with senior representatives from the lender’s London branch and the stock exchange, as well as distinguished guests from the financial community, in attendance.

“The bond, issued under Citic Bank’s USD5 billion Medium Term Note Program, represents the bank’s first-ever bond listing on the LSE, marking a new milestone in its internationalization journey and its ongoing commitment to deepening financial cooperation between China and the United Kingdom,” the LSE said in a statement.

This landmark dual listing underscores Citic Bank’s ambition to become a world-class financial institution with both global reach and local expertise, while further reinforcing London’s role as a key hub for international capital and China-UK financial cooperation, the LSE told Yicai.

Beijing-based Citic Bank was founded in 1987. Its London branch, set up to be a key part of the lender’s globalization strategy, plays a pivotal role in serving multinational clients and supporting cross-border financial cooperation.

Editor: Futura Costaglione