Islamic Development Bank prices $1.5bn five-year USD sukuk at 48 bps
Islamic Development Bank priced a $1.5 billion benchmark-sized five-year USD sukuk at 48 bps over the five-year US SOFR mid-swap rate. Profit rate and yield are 4.781%.
By Staff WriterThe Islamic Development Bank (IsDB) has priced a $1.5 billion benchmark-sized five-year USD sukuk at 48bps over the five-year US SOFR mid-swap rate.The sukuk, issued under IsDB's $25 billion Trust Certificate Issuance Programme, carries a profit rate and yield of 4.781% and was price…