QIIB keeps up sweet stream of sukuk deals as market’s diversity blossoms

Qatar International Islamic Bank_Alamy_230x150
By Ross Lancaster
14 Nov 2019

Flourishing conditions in the sukuk market stepped up another gear this week as Qatar International Islamic Bank priced an additional tier one bond that one of its leads claimed was the tightest ever such trade from the Gulf Cooperation Council states.

A2/A rated QIIB priced a $300m perpetual non-call five year AT1 at 4.875% on Wednesday. Investors supported the deal with an order book that peaked at $2.6bn. QNB Capital and Standard Chartered were joint global co-ordinators on the deal. Standard Chartered worked as sole structuring adviser. 

“Clearly ...

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