IsDB, Sharjah cut through sukuk slumber, tapping strong demand for Islamic product
The Islamic Development Bank and Sharjah Islamic Bank revived international sukuk debt this week with a pair of notes that marked the slumbering sector’s first deals since January, its first from a financial institution all year and its first from Sharjah in five years.
Despite the lack of momentum and a 50% increase in deal size, IsDB achieved a pricing landmark on its $750m five year via BNP Paribas, Deutsche Bank, HSBC and Standard Chartered."The spread on the note was the tightest ever achieved on a public transaction for the bank, in ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org