Document: Islamic Development Bank receives requests for ‎one billion dollars for dollar sukuk

A banking document showed today, Thursday, that the Islamic Development Bank received more than one billion dollars in requests for five-year Islamic bonds (sukuk) denominated in US dollars, including requests worth 300 million dollars from joint principals for the operation.

According to “Reuters”, the bank’s document showed that the indicative price of the sukuk is about 65 basis points above the average guaranteed funding rate for one night in the United States in five years.

It is expected that the sukuk will be priced later today, Thursday.