Off the wire
• Coaches differ in opinion over Torres red card  • Museum for Long March to open in May  • Foreign exchange rates in India  • Japanese ASDF jet missing over SW Japan, about 6 aboard  • 1st LD Writethru: 18 killed, 30 injured in bus-trailer collision in east Pakistan  • Cambodia's rice export up 8.5 pct in Q1  • 1st LD Writethru: Chinese shares close mixed Wednesday  • Japan's economy in contraction phase, faces headwinds: gov't report  • Malaysia's export up 6.7 percent in February  • 2nd LD Writethru: Republican Cruz, Democrat Sanders defeat presidential front-runners in Wisconsin primaries  
You are here: 　 Home

Indonesia lists two Islamic bonds worth 2.5 bln USD at Nasdaq Dubai

Xinhua, April 6, 2016 Adjust font size:

Nasdaq Dubai, the only Middle Eastern international exchange by regulation, said here Wednesday it welcomed the listing of two Islamic bonds (suskuk) issued by the government of Indonesia with a total value of 2.5 billion U.S. dollars.

Bambang Bodjonegoro, the Indonesian Minister of Finance, said his country aims to issue further sukuk "in due course under 2012 Trust Certificate Issuance Program, providing further sources for government infrastructure development financing as well as new opportunities for investors around the world."

Essa Kazim, Governor of the Middle East's biggest financial free zone Dubai International Financial Centre (DIFC), said Dubai's expanding relationship with Indonesia, strengthens the development of the financial infrastructure of both countries for the benefit of their economies and citizens."

The two new Indonesian sukuk bring its total sukuk listings on the exchange to 8.5 billion U.S. dollars, following its listing last year of four sukuk with a total nominal value of 6 billion dollars.

Nasdaq Dubai is the largest exchange in the world for sukuk listings at 39.56 billion dollars. Dubai competes with exchange in Kuala Lumpur and London which are both hotspots for sukuk, too. Endit