Islamic Corp for Development of Private Sector to price sukuk Tues

April 5, 2016 6:21 AM

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DUBAI, April 5 Islamic Corporation for the Development of the Private Sector (ICD) has announced initial price thoughts for a five-year sukuk issue of benchmark size which it plans to price as early as Tuesday, a document from lead arrangers showed.

The unit of Islamic Development Bank has set initial price thoughts in the range of 125 to 130 basis points over midswaps, the document showed.

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