New bond issue: Qatar Islamic Bank issued international bonds for USD 750.0m maturing in 2022 with a 3.251% coupon.

May 17, 2017 - Cbonds

 

Qatar Islamic Bank issued international bonds for USD 750.0m maturing in 2022 with a 3.251% coupon. Bonds were sold at a price of 100% with an initial yield of 3.251%. Bookrunner: Citigroup, Emirates NBD, HSBC, Noor Bank, Qinvest, Standard Chartered Bank
Depository: Euroclear Bank, Clearstream Banking S.A..
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Issuer, issue numberQatar Islamic Bank, 3.251% 23may2022, USD
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 200,000
Amount750,000,000
ISINXS1614212196
End of placement05/16/2017
Initial issue price100
Yield at pricing3.251
Coupon3.251%
Coupon frequency2 time(s) per year
Settlement date05/23/2017
Maturity date05/23/2022
Issue ManagersBookrunner: Citigroup, Emirates NBD, HSBC, Noor Bank, Qinvest, Standard Chartered Bank Depository: Euroclear Bank, Clearstream Banking S.A. Trustee: QIB Sukuk Ltd Paying agent: Deutsche Bank AG (London Branch) Arranger Legal Adviser (International law): Linklaters Arranger Legal Adviser (Domestic law): Al Tamimi & Company Issuer Legal Adviser (International law): Allen & Overy Issuer Legal Adviser (Listing law): Arthur Cox
Trading floorIrish S.E.
Issuer: Qatar Islamic Bank
Issuer profile:
Qatar Islamic Bank is a Qatar-based financial institution that provides banking services in accordance to Islamic Sharia principles. The Bank carries out banking services, investment and financing ac... more
Outstanding issues:
4 issuesUSD2,582,500,000
Issuer rating:
Moody's Investors ServiceA1/NegativeLT- foreign currency07/05/2017
Moody's Investors ServiceA1/NegativeLT- local currency07/05/2017
S&P Global RatingsA-/Foreign Currency LT06/08/2017
S&P Global RatingsA-/Local Currency LT06/08/2017
Fitch RatingsA+/LT Int. Scale (foreign curr.)06/21/2017
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150 000
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countries
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