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Saudi Arabia’s Islamic Development Bank sets talk for dollar sukuk
By Christine Van Dusen
Atlanta, March 3 – Islamic Development Bank set talk in the mid-swaps plus 10 basis points area for a dollar-denominated and benchmark-sized offering of notes due in 2020, a market source said.
A roadshow for the Islamic bonds is underway and will conclude on Thursday.
CIMB, Dubai Islamic Bank, GIB Capital, HSBC, Natixis Securities, NCB Capital, National Bank of Abu Dhabi, RHB Islamic Bank and Standard Chartered Bank are the bookrunners for the Regulation S deal.
The notes will be issued by IDB Trust Services Ltd., according to a company announcement.
The issuer is a Jeddah, Saudi Arabia-based lender.
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