IsDB prices $1bn sukuk at 30bp, books reach $1.5bn

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IsDB prices $1bn sukuk at 30bp, books reach $1.5bn

The Islamic Development Bank has priced a $1bn five year sukuk at just 30bp over mid-swaps, having tightened guidance from Tuesday’s high 30bp area. IsDB will pay a 1.535% profit rate on the notes.

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