Nasdaq Dubai records $23.1bn sukuk and bond listings in 2021
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Nasdaq Dubai records $23.1bn sukuk and bond listings in 2021

Nasdaq Dubai records $23.1bn sukuk and bond listings in 2021

The 30 listings undertaken in 2021 were 15.5 per cent higher than the number of listings the previous year

Nasdaq Dubai

The total value of sukuk and bond listed on Nasdaq Dubai in 2021 was recorded at $23.1bn, an 18.5 per cent increase over 2020.

The 30 listings undertaken in 2021 were 15.5 per cent higher than the number of listings the previous year.

There were several billion-dollar listing on the exchange last year. In April, Saudi Arabia’s Islamic Development Bank (IsDB) listed a $2.5bn sustainability sukuk on Nasdaq Dubai.

Read: Saudi’s Islamic Development Bank lists $2.5bn sustainability sukuk on Nasdaq Dubai

In June, Nasdaq Dubai listed three sukuk tranches issued by the Government of Indonesia, with a total value of $3bn. The three sukuk tranches, listed on June 9, 2021, comprise a $1.25bn sukuk at 1.5 per cent yield and a five-year maturity; a $1bn sukuk at 2.55 per cent yield and a 10-year maturity and a $750m green sukuk at 3.55 per cent yield and with a maturity period of 30 years. The total value of all sukuk listed by the Government of Indonesia on Nasdaq Dubai therefore rose to $19.75bn at the time.

Read also: Indonesian government lists three sukuk valued at $3bn on Nasdaq Dubai

In October, Saudi Arabia’s Islamic Development Bank listed another $1.7bn sukuk on Nasdaq Dubai. IsDB therefore became the largest supranational sukuk issuer on Nasdaq Dubai with a total value of $18.8bn through 13 issuances listed on the exchange since 2016.

Read more: Saudi’s Islamic Development Bank lists $1.7bn sukuk on Nasdaq Dubai

With a $250m sukuk listing by Kuwait’s Warba Bank last month, the total value of sukuks listed on Nasdaq Dubai now stands at $79.4bn.

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