The Islamic Development Bank priced a EUR 500 million five-year green sukuk on 8 October 2025, its first green sukuk under its enhanced 2025 Sustainable Finance Framework. The issuance attracted a record-breaking orderbook with five-times oversubscription and drew the largest ever number of investors for any IsDB euro benchmark transaction, according to the bank's statement. The IsDB is rated Aaa by Moody's, AAA by S&P, and AAA by Fitch.
The deal also completed the IsDB's 2025 funding programme. The IsDB completed its annual funding plan with the euro benchmark green sukuk after two USD benchmark deals that raised about USD 3.5 billion earlier in the year.
INVESTOR DEMAND
European investors took 53% of the allocation.
ENHANCED 2025 SUSTAINABLE FINANCE FRAMEWORK
The green sukuk was issued under the IsDB's enhanced 2025 Sustainable Finance Framework.
The 2025 issuance is described by the bank as its second green benchmark sukuk.
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