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Prospect News home > News index > List of issuers I > Headlines for Islamic Development Bank > News item
Published on 9/18/2018 in the Prospect News Emerging Markets Daily.

Islamic Development Bank talks dollar five-year sukuk to yield mid-swaps plus high 30 bps

By Rebecca Melvin

New York, Sept. 18 – Islamic Development Bank plans to price U.S. dollar-denominated five-year Islamic bonds to yield mid-swaps plus high 30 basis points, according to a market source on Tuesday.

Final pricing is expected on Wednesday.

CIMB, Citigroup, Dubai Islamic Bank, Gulf International Bank, HSBC, LBBW, Natixis and Standard Chartered are joint bookrunners for the deal.

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


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