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#Islamic #Development #Bank seeks #proposals for #dollar #sukuk

Mon, 2017-07-31 11:28 — newsdesk

According to sources, the Saudi Arabia’s Islamic Development Bank has asked banks for proposals to arrange a U.S. dollar-denominated sukuk. The bank in Jeddah is a regular issuer of international Islamic bonds. The new sukuk, possibly with a five-year maturity, could be issued in the next month or two. The deal will probably have a size of between $1 - $1.5 billion. Banks were given a deadline of July 26 to respond to IDB’s request.

Source: 

http://www.reuters.com/article/islamic-develop-sukuk-idUSL5N1KL04Q