ECONOMY

Islamic Development Bank hires banks for five-year dollar sukuk

Islamic Development Bank has hired banks to arrange investor meetings ahead of a potential sale of five-year dollar sukuk. (File photo: Reuters)

Jeddah-based Islamic Development Bank has hired banks to arrange investor meetings ahead of a potential sale of five-year dollar sukuk, or Islamic bonds, a document issued by one of the banks leading the deal showed on Thursday.

The bank, rated triple A by Moody’s, S&P and Fitch, has hired Citi, Emirates NBD Capital, Gulf International Bank, HSBC, LBBW, RHB Investment Bank Berhad, Société Générale and Standard Chartered Bank.

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Last Update: Thursday, 19 September 2019 KSA 17:42 - GMT 14:42
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