Qatar launches biggest sukuk of the year

10 Jul 2012

The State of Qatar on Wednesday launched $4bn of sukuk, the biggest international Islamic deal of the year so far, following a flood of demand. The deal size is not quite as large as the state’s $5bn conventional note that was placed in November last year, but the bond was certainly not short of demand.

The deal — Qatar’s first international sukuk since 2003 — had already received over $22bn of orders when leads closed books in Europe on Tuesday, more than double the $10bn book in place for its conventional December deal.

Qatar mandated Barwa Bank, Deutsche Bank, HSBC, QInvest and Standard ...

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