Tuesday, 12 December 2017 03:47 GMT
img

Sukuk rises Investment corporation of dubai by $1 billion

(MENAFN)Sukuk profit rate reached 3.508 percent per annum, Coupon for 4.625 percent, reported Khaleej news. The investment corporation of Dubai has successfully prices a USD1 billion sukuk and bond issue, increasing the fund's capacity to invest amid a rising market. An announcement had been made by the ICD for the dual tranche issue comprising six year USD700 million sukuk and 10-year USD300 million conventional bonds. Mohammed Ibrahim Al Shaibani, Executive Director & CEO of ICD, said "We are very pleased with the reaction the issuance received from investors. Its success clearly demonstrates both the strength of the ICD portfolio and business model, and the optimism and continued confidence in Dubai." come from Europe. Asia and Offshore US investors accounted for seven per cent each, with the remainder placed in the Middle East.


Sukuk rises Investment corporation of dubai by $1 billion

  Most popular stories  

Day | Week | Month