Islamic Development Bank keeps green sukuks rolling, announcing debut

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By Ross Lancaster
12 Nov 2019

Islamic Development Bank has spurred momentum in the green sukuk market, as it announced its debut, a euro deal, in the format this week.

Aaa/AAA/AAA rated IsDB announced its plans to issue the green sukuk at its annual Sukuk Summit in Luxembourg on Monday. It then released its mandate for the deal on Tuesday.

HSBC is sole structuring agent for IsDB and worked on creating the issuer’s sustainable finance framework.

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