Tuesday, Jun 19, 2012
(This story was originally published Monday)
DUBAI (Zawya Dow Jones)--Islamic Development Bank's planned benchmark-sized, five-year, U.S. dollar Islamic bond, or sukuk, is likely to be priced Monday with guidance at 35-45 basis points over midswaps, a banker aware of the deal said.
Order books are now open, the banker, who declined to be identified, told Zawya Dow Jones.
The pan-regional lender's roadshow finishes in London today, after IDB met with investors in Riyadh, Kuala Lumpur and Singapore last week.
Barwa Bank, BNP Paribas, CIMB, HSBC, NCB Capital and Standard Chartered are joint lead managers of the planned issue.
IDB's President Ahmad Mohammed Ali in May said the lender was planning to soon issue sukuk to take advantage of increasing demand. It raised $750 million by issuing a 5-year sukuk last year.
-By Nikhil Lohade, Dow Jones Newswires; +9714 446-1694; nikhil.lohade@dowjones.com; Twitter: @ZDJnews
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
19-06-12 0338GMT
