IsDB $1.5bn sukuk 'should encourage sovereigns'

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IsDB $1.5bn sukuk 'should encourage sovereigns'

The Islamic Development Bank has taken advantage of pent up demand for sukuk, grabbing $1.5bn instead of $1bn and pricing inside guidance at 23bp over mid-swaps. The deal is a clarion call for the UK and Luxembourg to get on with issuing their own debut sukuks, said bankers.

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