UPDATE 3-Prudential sells Jackson equity stake to Apollo-backed Athene for $500 mln

* Disposal boosts capital cover ratio (Adds details on activist investor and quote)

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UPDATE 1-Islamic Development Bank sells $1.5 bln in 5-yr sukuk - document

The Jeddah-based Islamic Development Bank sold $1.5 billion in five-year sukuk on Thursday, a document showed, which it will use to finance projects in member countries responding to the coronavirus pandemic.

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UPDATE 2-Prudential sells Jackson equity stake to Apollo-backed Athene for $500 mln

Prudential sold a minority stake in its U.S. business, Jackson, to Apollo Global-backed Athene Holding for $500 million, the insurer said on Thursday, in the first phase of its plan to create an independent U.S. business. The London-listed, Asia-focused insurer, which is also regulated in Hong Kong, has been looking for ways to bring external capital into the U.S. annuity provider and said it would continue to evaluate options for the part of the business it still own

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Islamic Development Bank sets spread for 5-yr dollar sukuk - document

The Jeddah-based Islamic Development Bank set the spread for its five-year U.S. dollar-denominated sukuk at 55 basis points over midswaps, a bank document showed on Thursday, tightening by 15 bps from where it began marketing the sale on Wednesday.

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Prudential sells Jackson equity stake to Apollo-backed Athene for $500 mln

Prudential has sold a minority stake in its U.S. business, Jackson, to Apollo Global-backed Athene Holding for $500 million, the insurer said on Thursday, in the first phase of its plan to exit the U.S. insurance market. The London-listed, Asia-focused insurance firm, which is also regulated in Hong Kong has been looking for ways to offload the U.S. annuity provider and said it would continue to evaluate other options for the part of Jackson it still owned, including

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Islamic Development Bank tightens guidance for 5-yr dollar sukuk - document

The Jeddah-based Islamic Development Bank tightened price guidance for its five-year U.S. dollar-denominated sukuk to 60 bps plus or minus 5 bps over midswaps, a bank document showed on Thursday.

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Nationalised Alitalia will not be in competition with low costs-minister

A new, state-controlled Alitalia will not be in competition with the low-cost carriers operating in the country, Italy's transport minister said after meeting with officials of Ryanair, Easyjet and other airlines.

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