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The Islamic Development Bank’s (IsDB) issuance of US$1 billion 4.227% fixed rate trust certificates due 2031 under its US$25 billion trust certificate issuance programme.
Dentons advised banks on IsDB’s US$1 billion 4.227% fixed rate trust certificates due 2031.
KEY POINTS
- The IsDB sukuk attracted over US$2.65 billion in orders, far exceeding the issuance amount.
- The five-year trust certificates are listed on both Euronext Dublin and NASDAQ Dubai exchanges.
- Dentons recently expanded its Dubai debt capital markets team with partners Victoria Wyer and Peter Cullen.
COMPANIES
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