QIIB Successfully Issues Qar 500 Million Sukuk

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 QAR 500 million senior unsecured Sukuk with a 3-year maturity, issued under Regulation S as part of the Bank’s existing US$2 billion Trust Certificate Issuance Programme. The Sukuk was priced at a fixed profit rate of 4.40% per annum. The issuance was arranged and marketed by a syndicate of leading global and local banks acting as Joint Lead Managers including: Al Rayan Investment LLC, Dukhan Bank, Lesha Banks ,Standard Chartered Bank, and The First Investor.”