Dubai Financial Market Welcomes The Listing Of Two Government Of Dubai Sukuk With Total Value Of US$ 1.250 Billion

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 2^nd 2012. 

The first of these issues is a US$ 600 million five year Sukuk with a maturity date of May 2^nd 2017, and a coupon of 4.90%, while the second is a US$ 650 million 10 year Sukuk with a maturity date of May 2^nd 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.

In addition to these two issues, DFM currently lists two Dubai Government issues which mature in 2014.