QATAR

 

Investors Flock To $4bn Qatar Sukuk

 

Investors flocked to Qatar’s first sovereign sukuk in nine years when it hit the market on 11 July. The issue was sized at $4bn, which set a record for dollar-denominated Shari'a compliant ‘bonds.’ At $24bn the order book was also one of the biggest ever seen. The world’s top LNG exporter secured lean pricing, with the five-year $2bn paper at 115 basis points over benchmark mid...