By Christine Van Dusen
Atlanta, Sept. 30 - Qatar Islamic Bank priced $750 million 3.856% fixed-rate sukuk notes due Oct. 7, 2015 at par to yield mid-swaps plus 237.5 basis points, a market source said.
HSBC, Credit Suisse and QInvest were the bookrunners for the Regulation S-only deal.
The notes were about eight times oversubscribed, with the book totaling about $5.9 billion, a market source said.
Qatar Islamic Bank is a lender based in Doha, Qatar.
| Issuer: | Qatar Islamic Bank
|
| Amount: | $750 million
|
| Maturity: | Oct. 7, 2015
|
| Description: | Fixed-rate sukuk
|
| Bookrunners: | HSBC, Credit Suisse, QInvest
|
| Coupon: | 3.856%
|
| Price: | Par
|
| Yield: | 3.856%
|
| Spread: | Mid-swaps plus 237.5 bps
|
| Trade date: | Sept. 30
|
| Settlement date: | Oct. 7
|
| Distribution: | Regulation S only
|
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