Published on 9/25/2017 in the Prospect News Emerging Markets Daily.
New Issue: Islamic Development Bank prices $1.25 billion five-year notes at par to yield 2.261%
By Rebecca Melvin
New York, Sept. 25 – Islamic Development Bank, through IDB Trust Services Ltd., has priced $1.25 billion of five-year notes at par to yield 2.261%, according to a company filing.
Dubai Islamic Bank, First Abu Dhabi Bank, Gulf International Bank, HSBC, Maybank, Standard Chartered Bank, Natixis and Warba Bank were the bookrunners of the offering.
The issuer is a Jeddah, Saudi Arabia-based lender.
| Issuer: | IDB Trust Services Ltd.
|
| Guarantor: | Islamic Development Bank
|
| Amount: | $1.25 billion
|
| Maturity: | Sept. 26, 2022
|
| Description: | Trust certificates
|
| Bookrunners: | Dubai Islamic Bank, First Abu Dhabi Bank, Gulf International Bank, HSBC, Maybank, Standard Chartered Bank, Natixis and Warba Bank
|
| Coupon: | 2.261%
|
| Price: | Par
|
| Yield: | 2.261%
|
| Pricing date: | Sept. 21
|
| Issue date: | Sept. 26
|
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