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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
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[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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