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DUBAI, Nov 29 (Reuters) - Islamic Development Bank (IDB) has released initial price guidance for its planned five-year sukuk sale, according to a document issued by the banks leading the transaction and seen by Reuters.
The triple A rated Saudi Arabia-based development bank has set initial pricing guidance in the 50 basis points over mid-swaps area.
The Islamic bond, likely to be in excess of $1 billion, will price on Wednesday, Nov. 30, the document stated.
(Reporting by Davide Barbuscia; Editing by Mark Potter) ((Davide.Barbuscia@thomsonreuters.com;))
The triple A rated Saudi Arabia-based development bank has set initial pricing guidance in the 50 basis points over mid-swaps area.
The Islamic bond, likely to be in excess of $1 billion, will price on Wednesday, Nov. 30, the document stated.
(Reporting by Davide Barbuscia; Editing by Mark Potter) ((Davide.Barbuscia@thomsonreuters.com;))
