QIIB lists $300m Tier 1 sukuk on LSE, attracting $2.5bn in subscriptions, with competitive pricing.
Qatar International Islamic Bank (QIIB) has listed a $300 million Tier 1 capital sukuk on the London Stock Exchange, attracting over $2.5 billion in subscription requests. Priced at 187 basis points above the US Treasury for a 5.5-year term, it achieved a yield of 5.45%, marking competitive pricing. This is QIIB's fourth sukuk listing on the LSE, reflecting confidence in the Qatari economy and the bank's commitment to global markets.
September 28, 2024
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