New Issue: Islamic Development Bank issues $1.25 billion five-year notes at par to yield 2.263%

By Christine Van Dusen

Atlanta, Dec. 7 – Islamic Development Bank – via IDB Trust Services Ltd. – priced $1.25 billion five-year notes at par to yield 2.263%, according to a company filing.

Boubyan Bank, Credit Agricole CIB, GIB Capital, JPMorgan, Mizuho International, National Bank of Abu Dhabi, Natixis, RHB Investment Bank and Standard Chartered Bank were the bookrunners for the deal.

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

Issuer:	IDB Trust Services Ltd.
Amount:	$1.25 billion
Maturity:	Dec. 7, 2021
Description:	Trust certificates
Bookrunners:	Boubyan Bank, Credit Agricole CIB, GIB Capital, JPMorgan, Mizuho International, National Bank of Abu Dhabi, Natixis, RHB Investment Bank, Standard Chartered Bank
Coupon:	2.263%
Price:	Par
Yield:	2.263%
Ratings:	Moody’s: Aaa
	S&P: AAA
	Fitch: AAA
Trade date:	Dec. 5
Settlement date:	Dec. 7

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