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Sukuk
Wakalah
Qatar Islamic Bank USD 750m Sukuk 2029
Qatar Islamic Bank · Qatar
Senior sukuk from Qatar's largest Islamic bank.
Key terms
- Issuer profile
- Qatar Islamic Bank
- ISIN
- XS2621509901
- Structure
- Wakalah
- Issue size
- $750M
- Ccy
- USD
- Minimum investment
- $200,000
- Payment frequency
- semi-annual
- Listing venue
- London Stock Exchange
- Governing law
- English law
Pricing
- Profit rate
- 4.75% (fixed)
- Indicative price
- 99.29
- Yield to maturity
- 5.008%
- Spread
- 80 bps
- Ratings
- A1 / A
Key dates
- Issue date
- 2 Oct 2024
- Maturity date
- 2 Oct 2029
- Tenor
- 5 years
Shariah information
- Shariah advisor
- QIB Shariah Supervisory Board
- AAOIFI aligned
- ✓
- Underlying asset
- Wakalah asset portfolio
- Use of proceeds
- General banking purposes