The sukuk has been launched at 4.950% yield after orders topped $2.2 billion, the document said
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Image used for illustrative purpose. A Saudi money exchanger counts Saudi riyals in Riyadh
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)
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