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Islamic Development Bank plans Sukuk

Fri, 2009-04-17 07:34 — IslamicFinance.de

Saudi-based Islamic Development Bank (IDB) plans to issue USD 5 bn Sukuk, over the next five years to finance its programmes.

IDB's president Mr Ali said he expected 2009 issue would be priced higher and that the new sukuk would increase the IDB’s 2009 financing programme by 15 %.

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