Islamic Development Bank may sell benchmark dollar Islamic bonds

By Christine Van Dusen

Atlanta, Feb. 2 – Saudi Arabia-based Islamic Development Bank is looking to issue dollar-denominated and benchmark-sized Islamic bonds during the first quarter of this year, a market source said.

Boubyan Bank, CIMB, Commerzbank, Emirates NBD, Gulf International Bank, JPMorgan, Natixis Securities and Standard Chartered Bank are the bookrunners for the deal.

The issuer is a Jeddah-based lender.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.