UAE: Dubai Islamic Bank (DIB) has officially listed its inaugural sustainable Sukuk with a value of US$750 million on NASDAQ Dubai. The Sukuk facility was issued under its US$7.5 billion Sukuk program, bringing the total value of DIB’s Sukuk listed on NASDAQ Dubai under this program to US$5.55 billion and the total value of all DIB Sukuk listed on the region’s international financial exchange to US$7.8 billion, a press statement read.
The five-year senior issuance carries a profit rate of 5.49% per annum, representing a spread of 155bps over five-year US Treasuries.