Wednesday, 30 November 2016 16:59
DUBAI: The Islamic Development Bank (IDB) has set at 45 basis points over
mid-swaps the final spread of its planned five-year sukuk, according to a
document sent by the banks leading the transaction and seen by Reuters. The order book for the planned Islamic
debt sale stood at $1.2 billion, the document stated. IDB had set initial
pricing guidance in the 50 basis points over mid-swaps area on Tuesday, and
revised the range to 45-50 bps over mid-swaps earlier on ...