Islamic Development Bank (IsDB), founded in 1975 and headquartered in Jeddah, Saudi Arabia, aims to foster economic development and social progress in member countries through financial and technical assistance. The bank specializes in Sharia-compliant financing solutions, offering a variety of products including project financing, trade financing, and development loans tailored to the needs of its member states.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| ISDB 4.60% 2028-03-14 USDIslamic Development Bank | Supranational | 2028-03-14 | 4.598 | 4.01 |
| ISDB 4.75% 2027-10-27 USDIslamic Development Bank | Supranational | 2027-10-27 | 4.747 | 4.00 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
IsDB has been actively issuing Sukuk (Islamic bonds) since 2001, establishing itself as a consistent player in the Islamic finance market. Notably, the bank's largest Sukuk issuance to date occurred in 2018, raising $1.5 billion to support development projects across its member countries. Current yields on IsDB's Sukuk are competitive, often hovering around the 2-3% range, making them attractive to investors. The bonds boast various features, including compliance with Islamic finance principles, which has attracted a diverse investor base. In recent news, IsDB announced plans for additional Sukuk offerings to fund projects targeting sustainable development goals, further solidifying its role in supporting economic growth in member nations.