Islamic Development Bank sets sukuk size at $1 billion-$1.5 billion

By Christine Van Dusen

Atlanta, March 27 – Islamic Development Bank set the size at $1 billion to $1.5 billion for its upcoming offering of Islamic bonds, a market source said.

Emirates NBD, Goldman Sachs, Gulf International Bank and Standard Chartered Bank are the bookrunners for the Regulation S deal.

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

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