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Prospect News home > News index > List of issuers I > Headlines for Islamic Development Bank > News item
Published on 4/16/2019 in the Prospect News Emerging Markets Daily.

Islamic Development Bank talks dollar five-year sukuk to yield mid-swaps plus high 40 bps

By Rebecca Melvin

New York, April 16 – Islamic Development Bank plans to price U.S. dollar-denominated five-year Islamic bonds to yield mid-swaps plus high 40 basis points, according to a market source on Tuesday.

Credit Agricole, Emirates NBD, Gulf International Bank, HSBC, JPMorgan, Natixis and Standard Chartered are joint bookrunners for the Regulation S deal.

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


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