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  • 18-05-17

    Qatar Islamic Bank prices USD750mn 5-year Sukuk

    (MENAFN) Qatar Islamic Bank priced a highly successful USD750mn 5-year RegS only Sukuk offering, while the sukuk was issued at par with an annual revenue rate of 3.251 percent.

    Moreover, Citi, Emirates NBD Capital, HSBC, Noor Bank, QInvest and Standard Chartered Bank acted as a mutual book runners and joint lead managers on the transaction.

    The bank was able to price the transaction, with its 2020 sukuk seen trading in the context of 120bps over mid-swaps on the day, which shows that the offering was priced with a negative issue premium.

    Additionally, the success of the sukuk, which closed at circa USD2.2bn emphasizes the continued strong support and confidence of global and local investors in the bank.

    MENAFN1805201700450000ID1095488832

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