Islamic Development Bank gives initial price guidance for five-year sukuk

20 avril (Reuters) - The Jeddah-based Islamic Development Bank has given initial price guidance of around 60 bps over mid-swaps for five-year U.S. dollar-denominated sukuk, or Islamic bonds, a document showed on Wednesday.

Citi (C.N), DIB (DISB.DU), HSBC (HSBA.L), KFH Capital (KFH.KW), Natixis, SMBC Nikko (8316.T), SNB Capital (1180.SE), Societe Generale (SOGN.PA) and Standard Chartered (STAN.L) are taking indications of interest and the deal is expected to launch on Thursday, the document from one of the banks on the deal showed.

Reporting by Yousef Saba, Editing by Louise Heavens

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