New Issue: Saudi Arabia’s ICD prices $600 million 1.8% trust certificates due 2025

Chicago, Oct. 15 – Islamic Corp. for the Development of the Private Sector (ICD) sold $600 million 1.8% trust certificates due 2025 at par (A2/A/A+), according to a final term sheet.

The certificates are being issued by ICDPS Sukuk Ltd. and guaranteed by ICD.

Standard Chartered Bank is the arranger for the Regulation S issue.

Dealers for the notes are Bank ABC, CIMB, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Gulf International Bank, Goldman Sachs International, HSBC, Maybank, Mizuho Securities, SMBC Nikko, Standard Chartered Bank and Warba Bank.

The guarantor, a financial institution that supports member countries through investment in the private sector, is based in Jeddah, Saudi Arabia.

Issuer:	ICDPS Sukuk Ltd.
Guarantor:	Islamic Corp. for the Development of the Private Sector (ICD)
Issue:	Trust certificates
Amount:	$600 million
Maturity:	Oct. 15, 2025
Arranger:	Standard Chartered Bank
Bookrunners:	Bank ABC, CIMB, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Gulf International Bank, Goldman Sachs International, HSBC, Maybank, Mizuho Securities, SMBC Nikko, Standard Chartered Bank and Warba Bank
Coupon:	1.8%
Price:	Par
Yield:	1.8%
Pricing date:	Oct. 12
Settlement date:	Oct. 15
Expected ratings:	Moody’s: A2
	S&P: A
	Fitch: A+
Distribution:	Regulation S

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