Published: May 28, 2013
Bank expected to price dollar issuance later this week.
The Islamic Development Bank has opened the books on a dollar-denominated sukuk.
Following a road show that started on May 25, guidance on the issuance – expected to be priced this week – suggests pricing of high 30s basis points over five-year midswaps.
Barwa Bank, Credit Agricole CIB, CIMB, National Bank of Abu Dhabi, Natixis, NCB Capital, Royal Bank of Scotland and Standard Chartered Bank are joint lead managers and bookrunners, with Standard Chartered also acting as global coordinator.