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Prospect News home > News index > List of issuers I > Headlines for Islamic Development Bank > News item
Published on 5/17/2011 in the Prospect News Emerging Markets Daily.

UAE's Islamic Development Bank whispers five-year sukuk notes at Libor plus 35 bps

By Christine Van Dusen

Atlanta, May 17 - The United Arab Emirates' Islamic Development Bank whispered it planned five-year issue of sukuk notes at Libor plus 35 basis points, a market source said.

HSBC, Standard Chartered Bank, BNP Paribas and Deutsche Bank are the bookrunners for the deal, which is expected to price Wednesday.

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


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