Qatar Islamic Bank, the Gulf Arab state’s largest sharia-compliant lender, returned to global debt markets after two years with a $750 million Islamic bond sale on Wednesday, tapping into strong liquidity for regional issuers.
The lender priced the five-year sukuk at a profit rate of 2.5 percent, and a spread of 175 basis points over midswaps, tighter than the earlier guidance after strong investor interest………………………………………..Full Article: Source