IsDB prints $1.5bn for Covid relief efforts

Turkey Covid_PA_575x375.jpg
By Ross Lancaster
19 Jun 2020

Islamic Development Bank closed a $1.5bn sukuk deal on Thursday that it will use to fund member countries’ work in cleaning up the aftermath of Covid-19.

Aaa/AAA/AAA rated IsDB announced the five year deal on Wednesday, London morning. 

Joint Lead Managers Citi, Crédit Agricole, Emirates NBD Capital, Gulf International Bank, HSBC, The Islamic Corporation for the Development of the Private Sector, Natixis, Société Générale and Standard Chartered gave initial ...

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