May 07 2012 |
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DFM welcomes the listing of two Government of Dubai Sukuk with total value of US$ 1.250 billion
Dubai, 7th May 2012: Dubai Financial Market ( DFM ) announced the listing of two Sukuk issues for the Government of Dubai with a total value of US$ 1.250 billion on Wednesday, May 2nd 2012.The first of these issues is a US$ 600 million five year Sukuk with a maturity date of May 2nd 2017, and a coupon of 4.90%, while the second is a US$ 650 million 10 year Sukuk with a maturity date of May 2nd 2022, and a coupon of 6.45%.
While the two Islamic Sukuk will be listed on the DFM , they will be OTC traded and settled through Clearstream and Euroclear, not DFM .
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Dubai Financial Market ( DFM ) was established as a public institution with its own independent corporate body. DFM operates as a secondary market for the trading of securities issued by public shareholding companies, bonds issued by the Federal Government or any of the local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the market. The DFM commenced operations on March 26, 2000. Following its initial public offering in November 2006, when DFM offered 1.6 billion shares, representing 20 per cent of its paid-up capital of AED 8 billion, DFM became a public joint stock company. Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFM Company through Borse Dubai Limited. www.dfm.ae
For further information, please contact:
Atef Fathy
Vice President- Media & Public Relations
Dubai Financial Market
Tel: 04-3055334
Email: afathy@dfm.ae
© Press Release 2012
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