From Business24-7.ae: The Islamic Development Bank (IDB) has set up a $1.5 billion Islamic bond medium term note (MTN) programme, ratings agency Moody’s said late on Wednesday.Moody’s rated IDB’s bond programme at Aaa.

“The net proceeds of the issue of such certificates will be used to purchase a portfolio of sukuk assets which may comprise ijara assets, murabaha contracts, istisna’a contracts and Islamic Development Bank’s investments in equity and sukuk certificates,” Moody’s said in a statement…………..Full Article: Source