Islamic Development Bank prices $1.2bln sukuk
The spread is SOFR midswaps plus 57 basis points (bps), a shade tighter than initial price thoughts (IPTs) at MS+58.
BBVA, BMO Capital Markets, Citi, Emirates NBD Capital, Goldman Sachs International, NATIXIS, Societe Generale and Standard Chartered Bank have been appointed Joint Lead Managers.
It will be listed on Euronext Dublin and Nasdaq Dubai.
(Writing by Brinda Darasha; editing by Seban Scaria)
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