IsDB prices $1.5 bln five-year USD sukuk at SOFR spread
Islamic Development Bank priced a $1.5 billion five-year US dollar sukuk at 48 basis points over the five-year SOFR mid-swap rate after drawing more than $2.75 billion in orders.
By Staff WriterThe Islamic Development Bank (IsDB) priced a $1.5 billion five-year US dollar sukuk at 48 basis points over the five-year SOFR mid-swap rate after attracting more than $2.75 billion in orders.The multilateral lender tightened pricing from IPTs of around 50bp over the benchmark follow…