Saudi-based Islamic Development Bank (IDB) picked five banks to arrange roadshows ahead of a potential dollar-denominated Islamic bond, or sukuk, which would be its first trade in over a year, lead arrangers said on Wednesday.
The supranational bank mandated BNP Paribas, CIMB , HSBC, National Commercial Bank and Standard Chartered to arrange the meetings and to act as bookrunners on the sukuk, which will print subject to market conditions………………………………………..Full Article: Source