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QIB raises $750m from sale of sukuk
- Qatar: Sunday, October 07 - 2012 at 09:00
Qatar Islamic Bank (QIB) has said it has returned to global debt markets after two years with a $750m Islamic bond sale yesterday, Gulf Times has reported. Order books for the issue were reportedly over $6bn ahead of launch, according to lead arrangers. Much of this was likely to have come from cash-rich Islamic investors held back by limited sukuk supply in the market. "This ($6bn order book) demonstrates the pent-up demand in the market for sukuk and should act as a stimulus for further issuance for the rest of 2012 and well into 2013," said Jason Kabel, head of fixed income at Bank of London and The Middle East.
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