IsDB lists $2.5 billion sukuk on Nasdaq Dubai issacjohn@khaleejtimes.com Filed on April 5, 2021
The issuance of the Islamic bond is the biggest dollar listing to date of IsDB, the multilateral lender which finances development across its 57 member countries
Nasdaq Dubai, the region’s international financial exchange, announced on Monday the listing of $2.5 billion sustainability sukuk by the Islamic Development Bank (IsDB), boosting the total value of Islamic bond listings in Dubai to $77.8 billion.
The issuance of the Islamic bond is the biggest dollar listing to date of IsDB, the multilateral lender which finances development across its 57 member countries, Nasdaq Dubai said.
Nasdaq Dubai welcomes listing of $2.5 billion Sukuk by IsDB
4 hours ago Picture used for illustrative purpose. Nasdaq Dubai welcomed the listing of a $2.5 billion Sustainability Sukuk by Islamic Development Bank (IsDB), the 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 per cent, 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.
<p><span>Nasdaq Dubai welcomed the listing of a 2.5 billion US dollar Sustainability Sukuk by Islamic Development Bank (IsDB), the multilateral lender which finances development across its 57 member countries.</span></p>