Islamic Development Bank sets talk at mid-swaps plus high-30 bps area for dollar five-year sukuk

By Christine Van Dusen

Atlanta, May 28 - Islamic Development Bank has set talk in the mid-swaps plus high-30 basis points area for its dollar-denominated offering of benchmark-sized Islamic bonds due in five years, a market source said.

Standard Chartered Bank, Barwa Bank, Credit Agricole, CIMB, National Bank of Abu Dhabi, Natixis, NCB Capital and RBS are the bookrunners for the Regulation S deal.

The notes are expected to price on Wednesday.

The lender is based in Jeddah, Saudi Arabia.

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