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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;))