PHOTO
Qatar International Islamic Bank (QIIB), rated A2 by Moody’s and A by Fitch Ratings (both with a stable outlook), has issued a QAR 500 million ($137 million) senior unsecured sukuk with a three-year maturity, priced at par with a fixed profit rate of 4.40%, payable semi-annually in arrear.
The Regulation S wakala / murabaha structure comes under the bank’s existing $2 billion Trust Certificate Issuance Programme.
QIIB Senior Oryx Ltd. has been listed as the issuer and trustee, with QIIB as the obliger.
Al Rayan Investment LLC, Dukhan Bank, Lesha Bank, Standard Chartered Bank, and The First Investor QSC are joint lead managers on the deal.
The sukuk will be listed on the Qatar Stock Exchange’s (QSE) Fixed Income Market on 17 December 2025.
In its second issuance this quarter, QIIB raised $500 million last month through a five-year senior unsecured benchmark sukuk priced at +85 basis points over US Treasuries with a 4.50% coupon.
(Writing by Bindu Rai, editing by Daniel Luiz)
