Saudi-based Islamic Development Bank starts marketing dollar sukuk - document

The paper was offered at 39 basis points over mid-swaps

  
A Saudi money exchanger wears gloves as he counts Saudi riyal currency at a currency exchange shop in Riyadh, Saudi Arabia March 10, 2020. Image used for illustrative purpose

A Saudi money exchanger wears gloves as he counts Saudi riyal currency at a currency exchange shop in Riyadh, Saudi Arabia March 10, 2020. Image used for illustrative purpose

REUTERS/Ahmed Yosri

DUBAI - Jeddah-based Islamic Development Bank started marketing on Tuesday five-year U.S. dollar denominated sustainability sukuk, or Islamic bonds, a document showed.

The paper was offered at 39 basis points over mid-swaps, according to the document issued by one of the banks leading the deal and seen by Reuters.

Citi, HSBC, Goldman Sachs, Natixis, Societe Generale, Standard Chartered and Warba Bank have been hired to arrange the issuance.

(Reporting by Davide Barbuscia, editing by Louise Heavens) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))


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