Islamic Development Bank issues $1.5 billion Sukuk


The Islamic Development Bank (IsDB) has issued a $1.5 billion five-year Sukuk as part of its $25 billion Sukuk programme.

Kuwait state news agency KUNA reports the issuance was arranged by Emirates NBD Capital, Boubyan Bank, Gulf International Bank CIMB, JP Morgan, Natixis and Standard Chartered. It will be listed in the London, Malaysia and Nasdaq Dubai stock exchanges.

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