The Nasdaq Dubai Growth Market will be operational by early 2021
Bank ABC, Citigroup, Dubai Islamic Bank, Emirates NBD Capital, and HSBC, among others acted as joint lead managers and bookrunners for the transaction
Aurora50 is initiating the discussion around board-level gender diversity with a virtual event
The perpetual bond is callable after six years and pays a coupon of 6.125 per cent
The capital raised by the sukuk will be used for general corporate and growth purposes including refinancing debt
The listings consist of a 10-year issuance of $1bn and two issuances of $750m each
There is a total of $71.09bn sukuk now listed on the exchange
The AAA-rated sustainability sukuk is the first Covid-19 related sukuk in the global capital markets
The latest listing raises the total value of sukuk listed in Dubai to $69.29bn
The sukuk was nearly 4.5 times subscribed with a profit rate of 2.95 per cent per annum
This marks GFH’s second sukuk listing on Nasdaq Dubai, following the listing of a $300m sukuk in February this year