April 16, 2019 / 7:36 AM / 3 months ago

Islamic Development Bank starts marketing 5 yr dollar sukuk -document

DUBAI, April 16 (Reuters) - The Islamic Development Bank (IsDB) has started marketing a five year dollar sukuk, or Islamic bond, a document issued by one of the banks showed.

The Jeddah-based triple A-rated institution gave initial price guidance in the high 40 basis points over mid swaps area, the document showed.

IsDB has appointed Credit Agricole CIB, Emirates NBD Capital, Gulf International Bank, HSBC, JPMorgan, Natixis and Standard Chartered as joint lead managers and bookrunners.

Reporting by Davide Barbuscia, writing by Hadeel Al Sayegh; Editing by Kirsten Donovan

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