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05-Feb-2017

ICD lists USD1bn sukuk on Nasdaq bourse

Nasdaq Dubai announced the listing of a USD1bn sukuk by the Investment Corporation of Dubai (ICD), the Dubai government's main investment arm. This is the third debt listing by ICD on Nasdaq Dubai, following the listing in May 2014 of a USD700mn sukuk and a USD300mn conventional bond. Earlier this week, bankers said order books exceeded USD1.5bn for the 10-year USD sukuk offer by ICD. (Arabian Business) 

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