Nasdaq Dubai welcomes listing of $200 million bond by Investment Corporation of Dubai

Dubai:

Nasdaq Dubai said it welcomed listing of a $200 million bond by Investment Corporation of Dubai (ICD) on the region’s international 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 listed on Nasdaq Dubai. These are a $1 billion sukuk that listed in February 2017 and a $700 million Sukuk that listed in May 2014.

Nasdaq Dubai is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, derivatives, Sukuk (Islamic bonds) and conventional bonds.

The majority shareholder of Nasdaq Dubai is Dubai Financial Market with a two-thirds stake. Borse Dubai owns one third of the shares. The regulator of Nasdaq Dubai is the Dubai Financial Services Authority (DFSA). Nasdaq Dubai is located in the Dubai International Financial Centre (DIFC).