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Islamic Finance Briefing - Categorized | Financial Instruments (Credit Cards, Debts, Loans, Mort more

Islamic Development Bank prices US$750.0 mln fixed-rate Trust Certificates issuance

Posted on 26 May 2011

As part of its Resource Mobilization Plan, the Islamic Development Bank (”IDB”), rated Aaa/AAA/AAA (with stable outlook) by Moody’s, S&P and Fitch, conducted a Road Show to Asia, Middle East and Europe.
On the conclusion of the Road Show, Dr. Abdul Aziz Al-Hinai, Vice President Finance commented: “We are delighted with the outcome of the deal, which achieved our main objectives for the transaction to build on the success of last year’s deal to establish another liquid benchmark and further position IDB in line with its Supranational peer group. I am particularly happy to see a number of new accounts come into an IDB trade for the first time, and would like to thank the lead managers for delivering a deal that met all our objectives.” (Press Release)

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