London Stock Exchange today welcomes the largest Sukuk bond to be issued by a supranational globally in 2017, raising $1.25bn. Listed by Saudi Arabia based, triple-A rated, Islamic Development Bank, it is a five-year bond with a 2.393 per cent yield and reinforces London’s position as a key global venue for Islamic finance. To date nearly $50 billion has been raised through 66 Sukuk issues on London Stock Exchange. The Islamic Development Bank is a long-standing London Stock Exchange issuer.
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