* Sukuk size increased to $800 mln from $750 mln
* Sukuk carries profit rate of 1.357 pct
* Saudi-based IDB is rated AAA
(Adds final pricing, new size)
DUBAI, June 19 Saudi-based Islamic Development
Bank (IDB) priced an $800 million five-year
sharia-compliant bond, or sukuk, on Tuesday, lead arrangers
said, in its first public debt issuance in over a year.
The size of the sukuk was increased to $800 million from
$750 million at launch, indicating string demand for the sale,
and the issue carries a profit rate of 1.357 percent.
The sukuk priced at a spread of 40 basis points over
Qatar's Barwa Bank, BNP Paribas, CIMB,
HSBC, NCB Capital and Standard Chartered
are joint lead arrangers and bookrunners on the deal.
Abu Dhabi-based lender Al Hilal joined the deal as co-lead
IDB, rated AAA, last tapped debt markets in May 2011, when
it priced a $750 million five-year sukuk at a spread of 35 basis
points over midswaps to yield 2.35 percent.[ID: nLDE74H1NW]
(Reporting by David French; Writing by Rachna Uppal, Editing by