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Citi wins first Nasdaq Dubai sukuk mandate

12 January 2010

Citi has been appointed as the Issuing and Paying Agent for the first Sukuk to be cleared through the central securities depositary of Nasdaq Dubai

Read more: Citi Nasdaq Dubai sukuk

Citi’s Global Transaction Services business today announced that Citi Issuer Services has been appointed as the Issuing and Paying Agent for the first Sukuk to be cleared through the central securities depositary (CSD) of NASDAQ Dubai, the international stock exchange serving the Middle East. The $100m Sukuk, issued by the International Finance Corporation (IFC), listed on November 4, 2009.        NASDAQ Dubai now has 22 listed Sukuk with a nominal value of US$17.2 billion. The Sukuk issued by...


 

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