CIMB Bhd, via its Labuan unit, is the only Asian investment bank among the four mandated by Saudi Arabia-based International Development Bank (IDB) to sell its second round of US$500mil Sukuk issue targeted for launch in April this year.
CIMB is joint lead manager, as are HSBC Holdings Plc, Deutsche Bank and Dubai Islamic Bank for the issue. IDB is a lender set up by 55 Muslim nations to foster economic development.
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