Thursday 13, April 2017 by Nabilah Annuar

IDB Trust Services lists $1.25 billion Sukuk on Nasdaq Dubai

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.

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