IsDB sells $2.5bn in sustainability sukuk

Jeddah-based Islamic Development Bank raised $2.5 billion via a five-year sustainability sukuk, or Islamic bond, at 33 basis points over mid-swaps.Citi, HSBC, Goldman Sachs, Natixis, Societe Generale, Standard Chartered, and Warba Bank arranged the deal.The spread tightened from initial guidance on...