QIB prices $750m sukuk inside guidance, bags $6bn book

02 Oct 2012

Qatar Islamic Bank has issued a $750m five year sukuk at 175bp over mid-swaps — 15bp inside initial guidance — after receiving an order book heard by investors to be over $6bn.

 This put the final price roughly in line with where QIB’s $750m October 2015 — the issue’s only outstanding global note, launched in September 2010 — was trading pre-announcement.

“The most remarkable feature of this issue is that the book size reached in excess of $6bn,” said Jason Kabel, ...

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