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..
|Issuer, issue number||Qatar Islamic Bank, 3.251% 23may2022, USD |
|Type of debt instrument||International bonds |
|Issue status||outstanding |
|Type of placement||Public |
|Par, currency of issue||USD 200,000 |
|End of placement||05/16/2017 |
|Initial issue price||100 |
|Yield at pricing||3.251 |
|Coupon frequency||2 time(s) per year|
|Settlement date||05/23/2017 |
|Maturity date||05/23/2022 |
|Issue Managers||Bookrunner: 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 floor||Irish S.E. |
Qatar Islamic Bank
|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...