Qatar International Islamic Bank (QIIB), rated ‘A2’ by Moody’s with a stable outlook and ‘A’ by Fitch Ratings with a stable outlook, announced the successful issuance of a US$500 million senior unsecured Sukuk with a five-year maturity, issued under Regulation S as part of the Bank’s existing US$2 billion Trust Certificate Issuance Programme.The transaction attracted strong demand from regional and international investors, with total orders exceeding US$2 billion—more than four times the issue size.This remarkable demand underscores investor confidence in QIIB and reflects the continued strength and resilience of Qatar’s economy, which continues to offer attractive investment opportunities across diverse sectors.The Sukuk were priced at a profit rate of 85 basis points above the five-year U.S. Treasury rate, with a final yield of 4.548% per annum—one of the most competitive pricing levels achieved by Islamic financial institutions for similar issuances. Notably, allocations to investors outside the GCC exceeded 49% of the transaction.The issuance was arranged and marketed by a syndicate of leading global and regional banks acting as Joint Lead Managers and Joint Bookrunners, including: Al Rayan Investment LLC, ABC Bank, Citi, Dubai Islamic Bank, Dukhan Bank, Emirates NBD Capital, HSBC, Mashreq, QNB Capital, Standard Chartered Bank, ICBC, and The First Investor.
