IDB plans sukuk

IDB plans sukuk

Published: May 16, 2013

Bank mandates bookrunners for road show starting on May 25.

The Islamic Development Bank has mandated banks for an investor road show ahead of a possible dollar-denominated sukuk.

The bank has hired Barwa Bank, Credit Agricole CIB, CIMB, National Bank of Abu Dhabi, Natixis, NCB Capital, Royal Bank of Scotland and Standard Chartered Bank as joint lead managers and bookrunners, with Standard Chartered also acting as global coordinator.

The road show will be held across the Middle East, Asia and starting on May 25.