Islamic Development Bank talks five-year dollar sukuk at mid-swaps plus 15 bps area

By Aleesia Forni

Virginia Beach, Sept. 17 – Islamic Development Bank set price talk for a proposed benchmark five-year sukuk in the area of mid-swaps plus 15 basis points, 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 company wrapped up its roadshow on Wednesday.

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

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