DUBAI - The Islamic Corporation for the Development of the Private Sector (ICD) has hired banks to arrange investor calls on Monday ahead of a planned five-year sukuk, a document showed.

The unit of Islamic Development Bank plans to issue a fixed-rate benchmark-sized dollar-denominated sukuk, subject to market conditions.

Benchmark size is traditionally understood to mean in excess of $500 million.

(Reporting by Hadeel Al Sayegh Editing by David Goodman ) ((Hadeel.AlSayegh@thomsonreuters.com; +971566883310;))