Top Ad unit 728 × 90


IsDB $2.5 billion Sustainability Sukuk listed on Nasdaq Dubai

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. 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 $2.5 billion Sustainability Sukuk listed on Nasdaq Dubai

The first of IsDB’s current Sukuk listings on Nasdaq Dubai was a $1 billion instrument that listed in 2015. With this latest addition, the total value of IsDB Sukuk listed on Nasdaq Dubai is $17.14 billion through 12 tranches. IsDB’s activities across its member countries include building partnerships between governments, the private sector and civil society; increasing skills and knowledge sharing; focusing on innovation led solutions to development challenges and promoting global development underpinned by Sharia-compliant sustainable financing structures.
IsDB $2.5 billion Sustainability Sukuk listed on Nasdaq Dubai Reviewed by Editor on April 06, 2021 Rating: 5
© 2021 Bahrain Herald | All Rights Reserved

Contact Form


Email *

Message *

Theme images by rusm. Powered by Blogger.