From Bloomberg: The Islamic Development Bank, a Saudi Arabia-based multilateral lender, may sell at least $500 million of sukuk next year to fund projects in its member countries, Vice President Abdul Aziz Al Hinai said.
The sale will be part of the bank’s plan to meet its funding needs of more than $1 billion annually, Al Hinai said in an interview during an Islamic finance forum in Kuala Lumpur……………………………………….Full Article: Source