Riyadh-Mubasher: The Saudi-based Islamic Development Bank (IDB) issued a $1.5 billion five-year sukuk as part of its $25 billion medium-term sukuk programme, news agency WAM reported.
The sukuk was priced at par of 1.775% to be paid on an annual basis.
The issuance was arranged by Emirates NBD Capital, Boubyan Bank, GIB Capital, JP Morgan, CIMB, Standard Chartered and Natixis.
Buying orders started on 2 March after official pricing was set at 50-55 basis points, the bank said, adding that the issuance will be listed in the London, Malaysia and Nasdaq Dubai stock exchanges.
