IsDB snags impressive size for five year sukuk

Dollars_Adobe_230x150
By Lewis McLellan
19 Feb 2020

The Islamic Development Bank hit the market for a five year dollar benchmark on Wednesday, raising $2bn at a spread of 40bp to mid-swaps.

Citi, Dubai Islamic Bank, HSBC, ICD-PS, LBBW, Natixis and Standard Chartered ran the books for the Reg S sukuk. The leads offered initial price thoughts of high 40s over mid-swaps.

Indications of interest were over $1.15bn, including $50m of interest from joint lead ...

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