Saudi Arabia's Islamic Development Bank talks dollar five-year notes at Libor plus 40 bps area

By Christine Van Dusen

Atlanta, June 18 - Saudi Arabia's Islamic Development Bank set price talk at the Libor plus 40 basis points area for a planned five-year issue of dollar-denominated and benchmark-sized sukuk notes, a market source said.

Barwa Bank, BNP Paribas, CIMB, HSBC, NCB Capital and Standard Chartered are the bookrunners for the deal.

Islamic Development Bank is a lender based in Jeddah, Saudi Arabia.

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