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Dentons plays key role in $740m Saudi bank sukukDentons, a leading global law firm, said it had advised Islamic Development Bank (IsDB) on the issuance of €650 million ($740 million) trust certificates due for 2023 under its $25-million Trust Certificate Issuance Programme, which was pre More… |
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IDB urges adoption of its PPP modelThe Islamic Development Bank’s (IDB) first Public-Private Partnership (PPP) Forum held recently in Riyadh, Saudi Arabia has called for adopting its namesake model handle the challenges of socioeconomic development in the bank’s membe More… |
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IDB agrees $790m for new development projectsThe Islamic Development Bank (IDB) has approved $790 million for new development projects in member countries as well as education and professional training for Muslim communities in non-member countries, a report said. The approv More… |
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IDB lists $1.25 billion sukuk on Nasdaq DubaiThe Islamic Development Bank (IDB) listed a $1.25 billion Sukuk today (December 8) on Nasdaq Dubai, the region’s international financial exchange. It is the seventh Sukuk listing on the exchange by the IDB, making it More… |
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Islamic Development Bank to raise $1.5bn in new bondJeddah-based Islamic Development Bank will raise $1.5 billion from a five-year sukuk issue that it will price later, a document from arrangers showed. The deal will carry pricing of 50 basis points over midswaps, according to the More… |
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IDB agrees $593m funding for four nationsSaudi Arabia-based Islamic Development Bank has approved $593 million in funding for development projects in Kazakhstan, Gabon, Benin and Turkey, the bank said in a statement on Tuesday. It also agreed to provide a grant to study More… |
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Saudi IDB increases sukuk programme to $25bnIslamic Development Bank (IDB) has increased the ceiling of its Islamic bonds (sukuk) programme to $25 billion from $10 billion, as it aims to expand its financing across member countries, said the Jeddah-based lender. An expanded More… |
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IDB eyes use of Islamic finance in AIIBThe Islamic Development Bank (IDB) is in discussions with Chinese officials to study the use of Islamic financing in the planned Asian Infrastructure Investment Bank (AIIB), the head of the Jeddah-based multilateral lender told Reuters. More… |
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IDB unit to lead manage $480m Ivory Coast sukukThe Islamic Corporation for the Development of the Private Sector (ICD), an arm of the Jeddah-based Islamic Development Bank, said it would lead manage a 300 billion CFA franc ($480 million) Islamic bond programme for Ivory Coast. More… |
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IDB unit to raise $1.2 billion in Islamic financingThe private sector arm of the Jeddah-based Islamic Development Bank (IDB) plans to tap Islamic capital markets to raise as much as $1.2 billion in long-term funds during its current financial year, its chief executive said. The Is More… |
