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Islamic Development talks five-year sukuk at mid to high 200 bps area
By Christine Van Dusen
Atlanta, Feb. 25 - Islamic Development Bank set initial guidance in the mid- to high-200 basis points area for its upcoming issue of dollar-denominated Islamic bonds due March 6, 2019 (Aaa/AAA/AAA), a market source said.
CIMB, Commerzbank, First Gulf Bank, HSBC, Natixis, National Bank of Abu Dhabi and Standard Chartered Bank are the bookrunners for the Regulation S sukuk.
The notes are expected to price on Thursday.
The issuer is a Jeddah, Saudi Arabia-based lender.
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