Doha, November 15 (QNA) - AlRayan Bank has announced that it successfully raised USD 500 million through a Senior Unsecured RegS Issuance on Thursday, November 12, 2026.

The issuance came under its USD 4.0 Billion Trust Certificate Issuance Program according to the Bank's statement published on Qatar Stock Exchange's website Sunday.

The statement added that the Sukuk will offer a Profit rate of 5.875% paid semi-annually at an Issue Price of 99.612% with a re-offer return of 5.966%.

Proceeds will be settled at T+5 i.e. November 19, 2026, it noted.

The statement continued, saying, "The Issuance was extremely successful as the orderbook was four times oversubscribed and peaked at +USD 2 billion thereby allowing the Issuer to price the Sukuk by tightening 40 bps from the IPTs of +150 bps." (QNA)