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IDB picks banks for potential sukuk

Posted on 11 June 2012

Jeddah-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

 
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