QIB prices $750m sukuk inside guidance, bags $6bn book
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 QIBs $750m October 2015 the issues 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, ...Already a subscriber? Login