AIX Welcomes IsDB Sukuk Listing To Expand The Range Of Islamic Instruments Date
28/12/2020
Astana International Exchange (“AIX”, “Exchange”) is pleased to announce the cross-listing of three Sukuk issuances of the Islamic Development Bank (IsDB). The Shari’ah-compliant, fixed-income instruments were issued through IDB Trust Services Limited, its Special Purpose Vehicle (SPV) during the course of 2019-2020 under IsDB’s Medium-Term Note (MTN) program of US$ 25 billion. The securities have previously been admitted to trading on Euronext Dublin, Nasdaq Dubai and Bursa Malaysia (under the Exempt Regime).
The listed instruments comprise of three 5-year maturity tranches of EUR 1 billion (Green Sukuk), US$ 1.5 billion (Sustainability Sukuk) and US$ 2 billion (traditional Sukuk).