11.05.2010 - DMCC successfully redeems US$200 mln sukuk
From Albawaba.com: Dubai Multi Commodities Centre (DMCC), a Dubai Government initiative, announced today that it has redeemed its US$200 million Islamic bond, or sukuk, issued in May 2005. The final US$20 million repayment on this five-year sukuk was made on schedule. Originated in 2005, DMCC’s US$200 million issue met with a very positive response from financial institutions across the Middle East, Asia and Europe, based on the long-term strength of DMCC’s business model. Unique features of this innovative, Shariah-compliant financial instrument included the ability of investors to receive repayments in either US dollars or gold bars..............................................Full Article: Source
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