GCC-Backed ICDPS Sparks $500M Sukuk Frenzy with Oversubscribed Launch
The Islamic Corporation for the Development of the Private Sector (ICDPS) has priced a five-year, $500 million benchmark sukuk, drawing robust investor appetite that pushed initial orders beyond $2 billion. Rated A2 (Moodyâs), A (S&P), and A+ (Fitch), the sukuk carries a 4.391% semi-annual coupon, priced at 65 basis points over U.S. Treasuries, tightening from …
GCC-Backed ICDPS Sparks $500M Sukuk Frenzy with Oversubscribed Launch Read More »











