22.06.2012 - Barwa Bank acts as joint lead manager for Islamic Development Bank Sukuk
Barwa Bank, one of Qatar's fastest growing Shari'ah compliant banks, acted as joint lead manager on the recent $800m five-year Sukuk for Saudi-based Islamic Development Bank (IsDB). Steve Troop, CEO, Barwa Bank, commented on the deal which marks the bank's first Sukuk involvement as joint lead manager and its increasing presence in the Debt Capital Markets , "We are extremely proud to be lead arrangers for this transaction which is IsDB's first public debt issuance in over a year. Our aim is to associate Barwa Bank with the leading institutions and IsDB, the highest rated institution in the Middle East (AAA), represents one of the most prestigious names in Islamic Finance. (Press Release)