IFFIm gives guidance on groundbreaking debut sukuk

By Dan Alderson
25 Nov 2014

The International Finance Facility for Immunisation (IFFIm) has given initial price thoughts of mid-to-high teens of basis points over three month Libor as it looks to price a debut dollar sukuk.

The Reg S deal will be a three year benchmark-sized floating rate note.

Standard Chartered is acting as global co-ordinator, with Barwa Bank CIMB, National Bank of Abu Dhabi and NCB Capital the other joint bookrunners. Books are open and pricing is expected ...

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