Published on 10/21/2015 in the Prospect News Emerging Markets Daily.
New Issue: Qatar Islamic Bank prices $750 million 2.754% bonds due 2020 at 135 bps spread
By Christine Van Dusen
Atlanta, Oct. 21 – Qatar Islamic Bank SAQ priced $750 million five-year Islamic bonds at par to yield 2.754%, or mid-swaps plus 135 basis points, a market source said.
Barwa Bank, Citigroup, HSBC, Noor Bank, QInvest and Standard Chartered were the bookrunners for the Regulation S deal.
Qatar Islamic Bank is a financial services company based in Doha, Qatar.
| Issuer: | Qatar Islamic Bank SAQ
|
| Amount: | $750 million
|
| Maturity: | Oct. 27, 2020
|
| Description: | Islamic bonds
|
| Bookrunners: | Barwa Bank, Citigroup, HSBC, Noor Bank, QInvest, Standard Chartered
|
| Coupon: | 2.754%
|
| Price: | Par
|
| Yield: | 2.754%
|
| Spread: | Mid-swaps plus 135 bps
|
| Trade date: | Oct. 20
|
| Settlement date: | Oct. 27
|
| Distribution: | Regulation S
|
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