Islamic Development Bank mandates 5-year green sukuk under $25B program
Issuance to be listed on Nasdaq Dubai and Euronext Dublin, with investor roadshows in Europe
JEDDAH, Saudi Arabia (MNTV) — The Islamic Development Bank (IsDB) has mandated a group of international banks to arrange a five-year green Regulation S benchmark sukuk as part of its $25 billion Trust Certificate Issuance Programme, the institution said.
The AAA-rated multilateral development bank has appointed Barclays, BNP Paribas, Commerzbank, Crédit Agricole CIB, HSBC, ING, and Nomura as Joint Lead Managers and Bookrunners.
Investor meetings will take place in London, Paris, and the Netherlands, alongside virtual sessions, during the week beginning September 29.
The sukuk will be listed on Nasdaq Dubai and Euronext Dublin, continuing IsDB’s strategy to expand its green and sustainable financing instruments.
Established in 1975 and headquartered in Jeddah, the bank counts Saudi Arabia as its largest shareholder, with other major member states including the UAE, Qatar, Egypt, Kuwait, Iran, Libya, and Indonesia.
Earlier this year, IsDB mobilized $1.2 billion through a five-year sukuk in June, following a $1.75 billion issuance in March, marking two significant funding rounds in 2025.
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