Saudi Gazette - IDB plans to issue another $1bn sukuk in 2014:
"The Islamic Development Bank (IDB) will not go to the international markets to raise funds through a US dollar sukuk issuance again in 2013, although it may still issue sukuk through private placement, confirmed Dr Ahmad Muhamed Ali, President of the IDB, in an interview with the Saudi Gazette in London.
Dr Ali and a strong IDB Group delegation have attended the G8 Deauville Partnership with Arab Countries in Transition Investment Conference in London, which was organized by the UK Foreign & Commonwealth Office in partnership with the European Bank for Reconstruction and Development (EBRD) and the IDB Group.
The IDB issued its last sukuk offering in May this year – a 5–year $1 billion Sukuk Al Wakalah with a fixed profit rate of 1.535 percent per annum and a spread Mid-Swaps plus 30 basis points. The IDB Board of Governors earlier approved the increase insize of its Islamic Trust Certificates Issuance Program (sukuk program) from $6.5 billion to $10 billion."
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