Nasdaq Dubai on Wednesday welcomed the listing of a $200 million bond by sovereign wealth fund Investment Corporation of Dubai (ICD) on the stock exchange.
The issuance was made under ICD’s Euro Medium Note Programme of $2.5 billion. It is the second conventional bond listing by ICD on Nasdaq Dubai, following a $300 million bond listing in May 2014.
ICD also has two sukuk, or Islamic bonds, listed on Nasdaq Dubai. These are $1billion Sukuk that listed in February 2017 and a $700 million Sukuk that listed in May 2014.
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