QIIB prices $700m 5-year sukuk
Doha, October 11, 2012
Qatar International Islamic Bank (QIIB) priced a $700 million five-year sukuk on Thursday, at a profit rate of 2.688 percent.
HSBC Holdings, Standard Chartered and QNB Capital, a unit of Qatar National Bank were mandated bookrunners on the deal.
QIIB launched the sukuk earlier in the day at the lower end of revised price guidance, in a reflection of healthy demand for the deal.
Last week, Qatar Islamic Bank sold $750 million in a five-year sukuk at 2.5 percent. - Reuters