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  • 02-03-20

    USD2 billion Sukuk by IsDB to be listed in Nasdaq Dubai

    (MENAFN) USD2 billion Sukuk by the Islamic Development Bank were listed in Nasdaq Dubai.


    According to a statement by IsDB, Nasdaq Dubai, the five-year Sukuk is the biggest by worth to be listed on the exchange.


    The bank also said that, it was priced at a revenue rate of 1.809 percent payable on semi-annual basis as the Sukuk makes IsDB the leading Sukuk issuer by total worth on Nasdaq Dubai at USD15.64 billion.


    The 1st of IsDB's 12 recent Sukuk listings on the exchange was a USD1 billion instrument that listed in 2015.


    The other IsDB listings are 3 Sukuk of USD1.5 billion each, a USD1.3 billion Sukuk, 4 Sukuk of USD1.25 billion each, a EUR650 million Sukuk and a EUR1.1 billion Sukuk.

    MENAFN0203202000450000ID1099784105

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