Middle East Economic Survey
Islamic Development Bank On Sukuk Roadshow
The Saudi-based Islamic Development Bank (IDB) has embarked upon a roadshow to promote the first tranche of its $1.5bn Sukuk medium term note (MTN) program (three to five years), which is expected to be worth at least $500mn. The roadshow included stops in Riyadh, Kuala Lumpur, Singapore, Brunei, UAE, and Switzerland, and was to end in London on 8 September. While the offering is $500mn, the...