Islamic Corporation for the Development of the Private Sector hires banks to arrange US dollar sukuk
The Islamic Corporation for the Development of the Private Sector (ICD) has hired banks to arrange a five-year US dollar denominated sukuk, according to a document from one of the banks on the deal seen by Salaam Gateway.
ICD is a unit of the Islamic Development Bank (IDB).
It has mandated Goldman Sachs International, HSBC and Standard Chartered as the global coordinators. They will be joined by Bank ABC, Boubyan Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Gulf International Bank, Goldman Sachs International, HSBC, the ICD, KFH Capital, LBBW, Mizuho Securities, Samba Capital, SMBC Nikko, Standard Chartered Bank and Warba Bank as joint lead managers and joint bookrunners.
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