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Nasdaq Dubai lists $200m ICD bond

|By Arabian Post Staff| Nasdaq Dubai announced the listing of a $200 million bond by Investment Corporation of Dubai (ICD), which 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. ICD has a rich portfolio of assets, both locally and internationally, across a broad spectrum of the sectors that form the blueprint of Dubai’s dynamic economy. It has built a strong foundation of key indigenous companies from multiple sectors that Dubai has worked strategically over four decades to achieve dominance in. ICD is now furthering Dubai’s presence and expertise by expanding globally, pursuing an ambitious investment strategy that is disciplined, sustainable, and provides synergy with its existing portfolio.

Nasdaq Dubai lists issues of 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 exchange is regulated by the Dubai Financial Services Authority (DFSA).