(Updates with launch, size, demand)
DUBAI, March 7 (Reuters) - The Islamic Development Bank
is set to raise $2 billion from a sale of Islamic bonds, or
sukuk, maturing in five years, a bank document showed on
Tuesday.
The spread on the sukuk was set at 55 basis points over
secured overnight financing rate mid-swaps, tightened 2 basis
points from guidance earlier in the day.
Demand for the debt sale was over $2.2 billion, including
$175 million of interest from joint lead managers.
BNP Paribas, Citi, Dukhan Bank, Emirates NBD Capital, HSBC,
The Islamic Corporation for the Development of the Private
Sector, SMBC Nikko, Societe Generale and Standard Chartered are
joint lead managers and bookrunners for the sukuk sale.
(Reporting by Yousef Saba
Editing by Andrew Heavens and Mark Potter)
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