for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Financials

Islamic Development Bank tightens guidance for 5-yr dollar sukuk - document

DUBAI, June 18 (Reuters) - The Jeddah-based Islamic Development Bank tightened price guidance for its five-year U.S. dollar-denominated sukuk to 60 bps plus or minus 5 bps over midswaps, a bank document showed on Thursday.

The development bank received over $1.5 bln in orders for the Islamic bonds, which it will use to finance member countries’ response to the coronavirus pandemic. The deal is expected to close later on Thursday.

Reporting by Yousef Saba; Editing by Catherine Evans

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up