Doha, February 27 (QNA) - Qatar Islamic Bank (QIB) has successfully issued a $750 Million senior unsecured Sukuk with a five-year tenor at a profit rate of 4.402%, equivalent to 80 basis points over US Treasuries.

The final pricing came well inside QIB's fair value, reflecting a 35 basis points tightening from Initial Price Thoughts of 115 basis points area.

The issuance marks the first Sukuk from a Qatari financial institution in 2026 and the lowest profit rate achieved by a GCC bank on a 5-year senior Sukuk in the past 12 months.

Following the announcement, QIB conducted a series of investor calls with accounts across Europe, Asia and the Middle East, with strong initial feedback providing the confidence to open order books the following day at the GCC market open.

Demand accelerated rapidly, with the order book reaching a peak of $1.7 Billion, representing an oversubscription of 2.3 times and ranking among the strongest recent Sukuk order books.

The strength and quality of investor interest enabled QIB to tighten pricing decisively in a single iteration, finalizing at 80 basis points over the US Treasury Rate. The issuance attracted a well-diversified international investor base, comprising banks, private banks, asset managers and official institutions from across the global markets.

QIB Group Chief Executive Officer Bassel Gamal, commented: "The successful issuance of our $750 Million Sukuk underscores the depth of global investor confidence in Qatar's strong and stable economy, it’s investor friendly policies along with QIB’s strategy, financial strength and disciplined execution."

He added that the strong demand and favorable pricing outcome reflect market recognition of QIB's resilient business model and consistent performance across economic cycles, noting that the transaction further diversifies the bank's funding base, enhances its liquidity profile, and positions it to continue supporting Qatar's economic growth while delivering sustainable long-term value to stakeholders.

The Sukuk will be rated A by Fitch and will be listed on the London Stock Exchange’s International Securities Markets.

The Joint Lead Managers and Joint Bookrunners were Abu Dhabi Islamic Bank, Bank ABC, Citi, Dubai Islamic Bank, Dukhan Bank, Emirates NBD Capital, KFH Capital, Mashreq, MUFG, Q Invest, QNB Capital, Standard Chartered Bank, The Islamic Corporation for the Development of the Private Sector and Warba Bank. (QNA)