Islamic Finance
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Islamic Development Bank picks banks for 5-Yr sukuk sale, IFR reported
The Islamic Development Bank, a Jeddah-based multilateral lender, has mandated banks to arrange a sale of U.S. dollar-denominated five-year Islamic bonds, or sukuk, fixed-income news service IFR reported on Tuesday. The price guidance for the benchmark-sized debt sale has been placed around 55 bps over U.S. SOFR mid-swap, IFR said….
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