IFLR1000

Qatar Islamic Bank $750 million sukuk issue

1/10/2015
Sukuk
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$ 750 million

Completed

1/10/2015

Overview:

  • Qatar Islamic Bank (QIB) has undertaken a $750 million sukuk (Islamic bond) issue.
  • The trust certificates, due 2020, were issued under the bank's $1.5 billion issuance programme.
  • Barwa Bank, Citigroup, Doha Bank, HSBC, Noor Bank, QInvest and Standard Chartered acted as managers of the deal.

Sam Duke - Editor

Jurisdictions:

Qatar
United Arab Emirates

Deal type:

Sukuk

Practice areas:

Capital markets : Debt
Islamic finance

Industry sector:

Banking

Firm:
Linklaters

Party: Barwa Bank (Manager)

Party: Citigroup (Manager)

Party: Doha Bank (Manager)

Party: HSBC (Manager)

Party: Noor Bank (Manager)

Party: QInvest (Manager)

Party: Standard Chartered (Manager)

Lawyer: Jonathan Fried

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