trending Market Intelligence /marketintelligence/en/news-insights/trending/pgb-zbjdm7trxfofqwgu_q2 content esgSubNav
In This List

Islamic Development Bank issues $1.25B sukuk

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Islamic Development Bank issues $1.25B sukuk

Islamic Development Bank issued a $1.25 billion sukuk, marking the Saudi Arabia-based lender's first benchmark public issuance in 2018.

The five-year fixed-rate sukuk under the bank's $25 billion Trust Certificate Issuance Program was priced at par at 3.10%, at midswap plus 33 basis points, according to a March 15 statement. The sukuk is payable on a semi-annual basis.

CIMB, Citi, Emirates NBD Capital, Gulf International Bank, HSBC, Natixis, SMBC Nikko and Standard Chartered Bank acted as joint lead managers and joint book runners on the transaction.