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Islamic Development Bank taps banks for dollar five-year sukuk
By Rebecca Melvin
New York, Sept. 11 – Islamic Development Bank has selected banks and scheduled a series of fixed-income investor meetings for a planned offering of U.S. dollar-denominated five-year Islamic bonds, according to a market source on Tuesday.
CIMB, Citigroup, Dubai Islamic Bank, Gulf International Bank, HSBC, LBBW, Natixis and Standard Chartered will conduct the roadshow in Asia, the Middle East and Europe starting on Friday.
The issuer is a Jeddah, Saudi Arabia-based lender.
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