The issuance is not only a global first on many fronts, but also a strong recognition of Malaysia’s Islamic finance industry’s innovative capabilities in structuring sukuk to help advance Malaysia’s SDG-focused policies towards achieving our Shared Prosperity Vision 2030, said Finance Minister Tengku Zafrul Aziz. KUALA LUMPUR: There was overwhelming interest for Malaysia s US$800mil 10-year and US$500mil 30-year sovereign US dollar sustainability sukuk, which was oversubscribed by 6.4 times, said the Finance Ministry (MoF) in a statement today.
Both tranches have been assigned a rating of A3 by Moody s Investors Service and A- by S&P Global Ratings.
Saudi’s Islamic Development Bank lists $2.5bn sustainability sukuk on Nasdaq Dubai
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The total value of the bank’s sukuk listed on Nasdaq Dubai stands at $17.14bn
by Gulf Business
April 6, 2021
Saudi Arabia’s Islamic Development Bank (IsDB) has listed a $2.5bn sustainability sukuk on Nasdaq Dubai.
It is the second AAA-rated sukuk issuance under the Sustainable Finance Framework of IsDB and is the bank’s biggest US dollar public issuance to date.
The 5-year $2.5 billion Trust Certificates were priced at par with a profit rate of 1.262 percent, payable on a semi-annual basis.
Nasdaq Dubai welcomes listing of $2.5bn IsDB sukuk
DUBAI, 5 hours, 26 minutes ago Nasdaq Dubai has welcomed the listing of a $2.5 billion Sustainability Sukuk by Islamic Development Bank (IsDB), the multilateral lender which finances development across its 57 member countries. This is the second AAA-rated Sukuk issuance under the Sustainable Finance Framework of IsDB and is the bank’s biggest US dollar public issuance to date, reported Emirates news agency
WAM. The 5-year $2.5 billion Trust Certificates were priced at par with a profit rate of 1.262 percent, payable on a semi-annual basis. Proceeds of the Sukuk will be allocated to finance and refinance green and social development projects that are eligible under IsDB Sustainable Finance Framework.
IsDB Lists Sukuk Worth $2 5 Billion on Nasdaq Dubai albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.
Nasdaq Dubai welcomes listing of $2.5b Sustainability Sukuk by IsDB
Wam/Dubai Filed on April 5, 2021
The first of IsDB’s current Sukuk listings on Nasdaq Dubai was a $1 billion instrument that listed in 2015. Wam
Proceeds of the Sukuk will be allocated to finance and refinance green and social development projects that are eligible under IsDB Sustainable Finance Framework.
Nasdaq Dubai welcomed the listing of a US$2.5 billion Sustainability Sukuk by Islamic Development Bank (IsDB), the multilateral lender which finances development across its 57 member countries.
This is the second AAA-rated Sukuk issuance under the Sustainable Finance Framework of IsDB and is the bank’s biggest US dollar public issuance to date. The 5-year $2.5 billion Trust Certificates were priced at par with a profit rate of 1.262 percent, payable on a semi-annual basis.