IsDB USD 2B Wakalah Sukuk 2027

XS2300556677 · Finance

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AAAWakalahUSD🏦 Finance

IsDB USD 2B Wakalah Sukuk 2027

Issued by IDB Trust Services Limited

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Current Yield

4.55%

+1.35% vs issuance

Coupon Rate

3.15%

at issuance 3.20%

Maturity

1.0yr

05 Apr 2027

Face Value

USD 2.0B

8x oversubscribed

Issuance Details

ISIN: XS2300556677
Structure: Wakalah
Issuance Date: 05 Apr 2022
Maturity Date: 05 Apr 2027
Tenor: 5 years
Status: Active
Lead Arranger: Standard Chartered Bank
Trustee: Citibank N.A.

Ratings

S&P

Stable outlook

Rated 20 Mar 2022

AAA

Moody's

Stable outlook

Rated 20 Mar 2022

AAA

Fitch

Stable outlook

Rated 22 Mar 2022

AAA

Use of Proceeds

Financing development projects in IsDB member countries across healthcare, education, infrastructure and food security.

Plain-Language Summary

AI-Ready

IsDB's benchmark Wakalah sukuk attracts global investors seeking AAA-rated USD Islamic paper. Backed by a diversified pool of development finance assets across 57 member countries. Triple-AAA rating from all three major agencies reflects IsDB's preferred creditor status and strong institutional support.