08.10.2012 - QIB completes issuance of $750mln sukuk
Qatar Islamic Bank (QIB) rated A- and A by S&P and Fitch, all stable outlook, has successfully priced a 750m 5-year sukuk issued at par with a 2.5 percent semi-annual profit rate under its 1.5bn Trust Certificate Issuance Programme. Deutsche Bank, HSBC, QInvest and Standard Chartered Bank acted as joint lead managers and joint bookrunners, with Qatar International Islamic Bank and Sharjah Islamic Bank as Co-Managers on the transaction. Bookbuilding began on October 2, 2012, with the release of official price guidance at MS 190bps area. This ensured good momentum in the bookbuilding process and on October 3 London morning, a revised price guidance of MS 175-180bps was released to investors and the deal was finally priced at the tight end of the range at MS 175bps...............................................Full Article: Source
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