Arab Today, arab today nasdaq dubai 500m emaar sukuk listing
Last Updated : GMT 05:35:58
Arab Today, arab today
Arab Today, arab today

Nasdaq Dubai $500m Emaar sukuk listing

Arab Today, arab today

Arab Today, arab today Nasdaq Dubai $500m Emaar sukuk listing

Dubai - Arabstoday

Nasdaq Dubai, the region’s international exchange, welcomed on Thursday listing of a ?$500 million sukuk on its market by Emaar Properties, the Dubai-based global property developer. The listing is the first by Emaar on Nasdaq Dubai and constitutes the second drawdown under the company’s recently updated $2 billion Trust Certificate Issuance Programme. The sukuk’s success underlines Emaar’s strong value proposition and the credit standing of the company in international financial markets. With the listing by Emaar Properties on Nasdaq Dubai, the total nominal value of the exchange’s listed sukuk is now ?$5.5 billion. Mohamed Alabbar, chairman of Emaar Properties, said: “Our new and extremely successful sukuk offering has gained strong investor response and is nearly ten times oversubscribed. We are honoured to list it in Nasdaq Dubai, highlighting our support to Dubai and its institutions. The process of listing is investor and issuer-friendly, which will drive stronger regional and international investor response.” Jeff Singer, chief executive of Nasdaq Dubai, said: “This substantial debt listing on home soil by one of the Middle East’s most prominent companies is a significant step in the expansion of the region’s capital markets. Nasdaq Dubai provides sukuk issuers with a unique listing venue, combining its location in the Middle East with international standards of regulation and global visibility. This listing demonstrates that there is no need for issuers to list debt on international markets outside the region.” As regional and international companies expand their issuance of sukuk to raise capital, Nasdaq Dubai looks forward to hosting further listings from public and private issuers in the region and beyond. Global sukuk issuance reached ?$67.9 billion in the first half of 2012, up 36 per cent from the same period of 2011, according to Nasdaq Dubai figures.   The sukuk was admitted to Nasdaq Dubai’s market together with the listing by the Dubai Financial Services Authority (DFSA), the listing authority in the Dubai International Financial Centre (DIFC). The sukuk structure involves trust certificates issued by Emaar sukuk. Emaar Properties is the seller and lessee. The yield on the HSBC/Nasdaq Dubai US Dollar Nasdaq Dubai-Listed sukuk index has fallen to 4.92 per cent from 6.45 per cent at the beginning of 2012. From khaleejtimes

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nasdaq dubai 500m emaar sukuk listing Arab Today, arab today nasdaq dubai 500m emaar sukuk listing

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nasdaq dubai 500m emaar sukuk listing Arab Today, arab today nasdaq dubai 500m emaar sukuk listing

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday