New Issue: Islamic Development Bank sells upsized $800 million 1.357% five-year sukuk at par

By Aleesia Forni

Columbus, Ohio, June 19 - Islamic Development Bank priced an $800 million issue of 1.357% five-year sukuk at par to yield mid-swaps plus 40 basis points, a syndicate source said.

The deal was upsized from $750 million, the source added.

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.

Issuer:	Islamic Development Bank
Issue:	Sukuk
Amount:	$800 million
Maturity:	June 26, 2018
Bookrunners:	Barwa Bank, BNP Paribas, CIMB, HSBC, NCB Capital, Standard Chartered
Coupon:	1.357%
Price:	Par
Yield:	1.357%
Spread:	Mid-swaps plus 40 bps
Trade date:	June 19
Settlement date:	June 26
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	Fitch: AAA

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