IsDB USD 1.5B Sustainability Sukuk 2031

XS2450778899 · Finance

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AAAWakalahUSD🏦 Finance

IsDB USD 1.5B Sustainability Sukuk 2031

Issued by IDB Trust Services Limited

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Current Yield

4.55%

0.00% vs issuance

Coupon Rate

4.50%

at issuance 4.55%

Maturity

5.5yr

05 Sept 2031

Face Value

USD 1.5B

6.5x oversubscribed

Issuance Details

ISIN: XS2450778899
Structure: Wakalah
Issuance Date: 05 Sept 2024
Maturity Date: 05 Sept 2031
Tenor: 7 years
Status: Active
Lead Arranger: HSBC Amanah
Trustee: Citibank N.A.

Ratings

S&P

Stable outlook

Rated 25 Aug 2024

AAA

Moody's

Stable outlook

Rated 22 Aug 2024

AAA

Use of Proceeds

Exclusively financing SDG-aligned projects: climate change mitigation, renewable energy, clean water, and education in member countries.

Plain-Language Summary

AI-Ready

IsDB's latest sustainability sukuk aligns with ICMA's Green Bond Principles and Social Bond Principles, adapted for Islamic finance. The Wakalah portfolio exclusively comprises eligible sustainable projects. Represents the intersection of Islamic finance and ESG investing, attracting both dedicated ESG and Islamic investor bases.