The Islamic Development Bank has included US $ 2.5 billion sustainable instruments from a multilateral bank that is funding for development in its 57 member states. NASDAQ Dubai welcomed this step.
According to Arab Net, this is the second issue of AAA classification under the sustainable funding framework for the Islamic Development Bank, the largest public version of the bank in US dollars so far.
US $ 2.5 billion credit certificates were priced at a period of 5 years at a rate of 1.262% paid on a semi-annual basis and will be allocated to ensure the funding and refinancing of green and social development projects eligible under the sustainable funding framework for the Islamic Development Bank.
The first to insert the current instruments of the Islamic Development Bank at Nasdaq Dubai were a $ 1 billion sukuk in 2015 and with this last version of the total amount of bank instruments listed 17.14 billion US dollars through 12 insert.
