Saudi Arabia's Islamic Development Bank could price two benchmark-sized sukuk issues this year

By Christine Van Dusen

Atlanta, June 14 - Saudi Arabia's Islamic Development Bank could bring two benchmark-sized sukuk offerings to market sometime this year, a market source said.

Proceeds would be used to increase lending to member states that are coping with the economic crisis.

No other details were available on Monday.

Islamic Development Bank is a financial institution created to help economic development in its 56 member countries. It is based in Jeddah, Saudi Arabia.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.