06 June 2012
RIYADH: Islamic Development Bank (IDB), a Saudi Arabia-based lender, mandated banks for the possible sale of dollar-denominated Islamic bonds, three people familiar with the matter said.

BNP Paribas, CIMB Group Holdings, HSBC Holdings, NCB Capital and Standard Chartered were mandated as joint lead managers and book-runners for the transaction, said the people.

© Times of Oman 2012