AGL36.58▼ -1.42 (-0.04%)AIRLINK215.74▲ 1.83 (0.01%)BOP9.48▲ 0.06 (0.01%)CNERGY6.52▲ 0.23 (0.04%)DCL8.61▼ -0.16 (-0.02%)DFML41.04▼ -1.17 (-0.03%)DGKC98.98▲ 4.86 (0.05%)FCCL36.34▲ 1.15 (0.03%)FFL17.08▲ 0.69 (0.04%)HUBC126.34▼ -0.56 (0.00%)HUMNL13.44▲ 0.07 (0.01%)KEL5.23▼ -0.08 (-0.02%)KOSM6.83▼ -0.11 (-0.02%)MLCF44.1▲ 1.12 (0.03%)NBP59.69▲ 0.84 (0.01%)OGDC221.1▲ 1.68 (0.01%)PAEL40.53▲ 1.37 (0.03%)PIBTL8.08▼ -0.1 (-0.01%)PPL191.53▼ -0.13 (0.00%)PRL38.55▲ 0.63 (0.02%)PTC27▲ 0.66 (0.03%)SEARL104.33▲ 0.33 (0.00%)TELE8.63▲ 0.24 (0.03%)TOMCL34.96▲ 0.21 (0.01%)TPLP13.7▲ 0.82 (0.06%)TREET24.89▼ -0.45 (-0.02%)TRG73.55▲ 3.1 (0.04%)UNITY33.27▼ -0.12 (0.00%)WTL1.71▼ -0.01 (-0.01%)

Sunday, December 29, 2024

Home Islamic Saudi’s Islamic development bank lists $2.5b sustainability sukuk on Nasdaq Dubai

Saudi’s Islamic development bank lists $2.5b sustainability sukuk on Nasdaq Dubai

by News desk
April 9, 2021
in Islamic

[tta_listen_btn]

Dubai

Islamic Development Bank sukuk Nasdaq Dubai 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.

The first of IsDB’s current Sukuk listings on Nasdaq Dubai was a $1 billion instrument that listed in 2015.

With this latest addition, total value of IsDB sukuk listed on Nasdaq Dubai stands at $17.14bn through 12 tranches.

This includes IsDB listing a $1.5b sustainability sukuk on Nasdaq Dubai last year, proceeds of which were used support Covid-19 relief initiatives including funding medical— GULF BUSINESS