Islamic Development Bank sets banks, roadshow for five-year sukuk

By Rebecca Melvin

New York, Oct. 15 – Islamic Development Bank has selected banks and scheduled a series of fixed-income investor meetings for a planned euro-denominated benchmark of five-year Islamic bonds, according to a market source on Monday.

Credit Agricole, LBBW, Natixis and Standard Chartered will conduct the roadshow in Europe starting on Wednesday for the Regulation S notes.

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

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