Opec and regional economic institutions: Further oil output cuts and green bond issue

IsDB green bond issue: The Jeddah-based Islamic Development Bank (IsDB) raised €1bn in five-year trust certificates on 27 November, marking the successful pricing of its first ‘green’ sukuk (Islamic bond). The paper was issued under the bank’s $25bn trust certificate issuance programme and was its third debt issuance this year. The joint lead managers and joint bookrunners on the issue were Citi, First Abu Dhabi Bank, HSBC, Landesbank Baden-Württemberg, Natixis, Société Générale, Warba Bank and Standard Chartered Bank.