Islamic Development Bank talks benchmark dollar five-year sukuk at mid-swaps plus 50-55 bps

By Christine Van Dusen

Atlanta, March 3 – Islamic Development Bank set talk at mid-swaps plus 50 basis points to 55 bps for a benchmark-sized offering of dollar-denominated Islamic bonds due in five years (Aaa/AAA/AAA), a market source said.

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

The lender is based in Jeddah, Saudi Arabia.

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