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Islamic Development Bank places $500m sukuk
Saudi-based Islamic Development Bank (IDB) issued a US$500m five-year Islamic bond, or sukuk, earlier this month, in a rare example of a privately-placed transaction from the supranational institution. The deal was priced at 30 basis points (bps) over the three-month London interbank offered rate (Libor), according to market data, and…
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Click here to read the full story: Arabian Business