![](https://www.islamicfinance.com/wp-content/uploads/2015/10/IDB-Hq.jpg)
Goldman Sachs helps arrange Islamic Development Bank Sukuk
Article Overview
The triple A rated Islamic Development Bank in its regular Sukuk issuance dropped JP Morgan as an arranger, instead selecting Goldman Sachs to assist it in its $1.25 billion offering. JP Morgan had previously been an arranger in IDB’s two issuances the previous year when the Islamic supranational last issued a $1.25 billion offering achieving a better profit rate of 2.263% compared to this years 2.393%.
Busy Week in Saudi Arabia for Sukuk
The Saudi based IDB’s recent sukuk comes amidst a spike of Sukuk issuances from Saudi Arabia, most recently from Aramco and the Government of Saudi Arabia issuing its debut sovereign issuance.