Islamic Development Bank sets roadshow for dollar sukuk

By Christine Van Dusen

Atlanta, Sept. 8 – Islamic Development Bank will set out on Sept. 11 for a roadshow to market a dollar-denominated offering of Islamic bonds, a market source said.

CIMB, Deutsche Bank, First Gulf Bank, GIB Capital, HSBC, Maybank, Natixis, National Bank of Abu Dhabi and Standard Chartered Bank are the bookrunners for the Regulation S sukuk.

The investor meetings will begin in Kuala Lumpur and travel to Abu Dhabi, Scandinavia, Germany and Switzerland before concluding on Sept. 17 in London.

The issuer is a Jeddah, Saudi Arabia-based lender.

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