Islamic Development Bank aims to sell $1 bln green sukuk in 2018
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LONDON – The Islamic Development Bank (IDB), the largest development organisation in the Muslim world, is aiming to issue a benchmark-sized green sukuk this year to finance renewable energy projects, the bank’s vice president said on Monday.
“Our objective would be to get a benchmark, so a billion U.S. dollars, but the projects may not be that size … we may just do a smaller one,” Zamir Iqbal, vice president finance and chief financial officer of the IDB, told Reuters on the sidelines of a conference at the London Stock Exchange.
“I hope it will be this year,” he said, adding the bank was looking at renewable energy projects in Morocco and Turkey.
Source: Reuters
