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Published on 8/14/2017 in the Prospect News Emerging Markets Daily.

Islamic Development Bank picks leads for $1 billion five-year sukuk

By Rebecca Melvin

New York, Aug. 14 – Islamic Development Bank was heard to have mandated Standard Chartered Bank, HSBC, Natixis and Gulf International Bank as the bookrunners for a $1 billion offering of five-year Islamic bonds, a market source said.

Other details, including the timing of the deal, were not immediately available on Monday.

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


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