Qatar International Islamic Bank (QIIB) launched a US$700m sukuk on Thursday, arranging banks said, at the lower end of revised price guidance in a reflection of healthy demand for the deal.
The five-year Islamic bond was launched at a spread of 190 basis points over midswaps. Price guidance was earlier set at between 190-195 over midswaps, tighter than indicated, with order books reportedly at US$2.7bn on Wednesday afternoon………………………………………..Full Article: Source