QIIB’s $500mn sukuk oversubscribed more than 6 times:
QIIB has announced the successful issuance of its $500mn sukuk under the bank’s $2bn sukuk programme.
The offering was oversubscribed six times with investors bidding for more than six times the amount offered and reflects the positive outlook of the Qatari economy and the strength of its financial position, the bank said last night.
The offering was oversubscribed by investors, mostly from outside the Middle East, with a total of $3.3bn.
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