On May 7, Bank of China acted as a joint lead underwriter and joint bookrunner, successfully assisting the Islamic Development Bank (IsDB) in issuing its first $1 billion sukuk for 2026. The bond has a 5-year maturity and a coupon rate of 4.227%.
Sukuk are specialized financing instruments compliant with international Islamic financial regulations, widely used by multilateral development institutions for medium- to long-term low-cost financing. This issuance attracted significant global market attention. Leveraging its global advantages and cross-border coordination capabilities, Bank of China helped drive peak order volume to over $2.8 billion, reflecting strong international investor confidence in its bond underwriting expertise.
Bank of China has long utilized its global presence and leadership in cross-border bond markets to serve the debt financing needs of multilateral development institutions. It has previously assisted organizations such as the Asian Infrastructure Investment Bank and the New Development Bank in bond issuances. Through its extensive domestic and international underwriting and distribution network, the bank actively participates in multi-currency bond offerings for various entities, continuously strengthening its influence in the debt capital markets.
Moving forward, Bank of China will continue to leverage its global and integrated strengths, deepen its involvement in cross-border debt capital markets, support high-quality Belt and Road cooperation, promote two-way financial market opening, and contribute to international financial collaboration and sustainable development.
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