Home

Shanty Nambiar

IDB plans USD 500 mn Sukuk end of June

Sat, 2009-05-09 15:08 — IslamicFinance.de

Saudi Arabia’s Islamic Development Bank (IDB), plans to sell USD 500 mn Sukuk by end of June, reported Shanty Nambiar on Bloomberg. The Jeddah-based bank plans to raise as much as USD 5 bn over the next 5 years through 2014 to fund the bank's projects in member countries.

IDB also plans to start a new USD 1.5 bn to USD 2 bn infrastructure fund funded by public and privat sector as joint investors.

Source: 

http://www.bloomberg.com/apps/news?pid=20601087&sid=azYKCZts21VM&refer=home

Syndicate content