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Islamic Development Bank 2022

Summary
SPV Name:
IDB Trust Services Limited 

Notes:
Governed by English Law. Issued under IDB US$25 billion Trust Certificate Issuance Programme. This issuance is the Bank’s second benchmark issuance in 2017 after its first issuance of the same amount in April 2017. 53% of the issue size was allocated to investors in EMEA, while 47% was allocated to Asia. In terms of type of Investors, the deal saw strong participation from real money accounts and official institutions providing credence to IsDB’s credit strength. 57% of issue size was allocated to central banks and official agencies, while 43% was allocated to Banks and Fund managers, compared to 88% and 22% respectively for the last deal in April. 


Profit rate:
2.261%
 
Download Documents:
 
Sukuk Details
Type:
Wakala 

Issue Size:
$1.25 billion 

Currency:
USD 

Maturity:
20 September 2017 

Country of Issue:
Saudi Arabia 

Tenor:
5 years 
Issue Date:
20 September 2017 
Sukuk Rating:
Aaa/AAA/AAA by Moody’s, S&P and Fitch 
Exchanges:
Arrangers:
Advisors:
 
 
 
 

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