IsDB eyes record $1bn sukuk, picks five year tenor

22 May 2013

The Islamic Development Bank will target $1bn with a planned sale of five year sukuk – its largest bond deal yet.

The triple-A rated institution will begin investor meetings for the deal on Saturday. Standard Chartered is acting as global co-ordinator and will be joined by Barwa Bank, Credit Agricole, CIMB, National Bank of Abu Dhabi, Natixis, NCB Capital Company and the Royal Bank of Scotland.

Following Saudi ...

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