ICDPS launches $500mln sukuk at 4.950% yield – document

ICDPS launches $500mln sukuk at 4.950% yield – document



Islamic Corporation for the Development of the Private Sector, part of Jeddah-based Islamic Development Bank Group, has launched $500 million sukuk maturing in February 2029, according to an arranging bank document seen by Reuters on Wednesday. The sukuk has been launched at 4.950% yield after orders topped $2.2 billion, the document said. (Reporting by Shamsuddin Mohd; editing by Jason Neely) ICDPS launches $500mln sukuk at 4.950% yield - document