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Islamic Development Bank 2023

Summary
SPV Name:
IDB Trust Services Limited 

Notes:
In terms of the final allocation, 61% of the issue size was allocated to investors in MENA, 18% to investors in Europe, and 21% to Asian investors. Orderbook was opened with the release of the initial price thoughts on Wednesday, March 07, 2018. The Sukuk was priced on Thursday, March 08, 2018 at Mid Swap (MS) plus 33 basis points (bps), 4 bps lower than the IsDB’s September 2017 issuance which was priced at MS + 37bps.  


Profit rate:
3.10%
 
Download Documents:
 
Sukuk Details
Type:
 

Issue Size:
$1.25bn 

Currency:
USD 

Maturity:
15 March 2023 

Country of Issue:
Saudi Arabia 

Tenor:
5 years 
Issue Date:
15 March 2018 
Sukuk Rating:
AAA 
Exchanges:
Arrangers:
Advisors:
 
 
 
 

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