Trading for IDB’s securities begin 13 April 2017. Nasdaq Dubai in a statement on its website has advised that IDB Trust Services’ securities has been admitted to Trading on the Nasdaq Dubai Market effective 10a.m, 13 April 2017, under the security name: IDB Trust Services Ltd 2.393 per cent 12 Apr 22.
The security is $1.25 billion Sukuk with a coupon rate of 2.39 per cent, maturing on 12 April 2022.
The papers carry semi-annual periodic distribution dates, on 12 April and 12 October. The ISIN code for IDB’s Sukuk is XS1595895951.—Agencies