New Issue: Qatar Islamic Bank sells $750 million 2½% five-year notes at mid-swaps plus 190 bps

By Christine Van Dusen

Atlanta, Oct. 3 - Qatar Islamic Bank SAQ priced $750 million five-year notes (A-/A/) at par to yield 2½%, or mid-swaps plus 175 basis points, a market source said.

The notes priced tighter than talk, which was set at the mid-swaps plus 190 bps area.

Deutsche Bank, HSBC, Qinvest and Standard Chartered were the bookrunners for the Regulation S issue of Islamic bonds.

Qatar Islamic Bank is a financial services company based in Doha, Qatar.

Issuer:	Qatar Islamic Bank SAQ
Amount:	$750 million
Maturity:	Oct. 10, 2017
Description:	Senior notes
Bookrunners:	Deutsche Bank, HSBC, Qinvest, Standard Chartered
Coupon:	2½%
Price:	Par
Yield:	2½%
Spread:	Mid-swaps plus 175 bps
Trade date:	Oct. 2
Settlement date:	Oct. 10
Ratings:	Moody's: A-
	Standard & Poor's: A
Distribution:	Regulation S
Price talk:	Mid-swaps plus 190 bps area

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.