Dubai's sovereign wealth fund lists $200m bond on Nasdaq

Investment Corporation of Dubai lists second bond on Nasdaq Dubai as part of $2.5bn programme
(Photo: State news agency WAM)
By Staff writer
Wed 18 Oct 2017 02:47 PM

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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Last Updated: Wed 18 Oct 2017 02:52 PM GST

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