Qatar Sets Record For Islamic Issues As Bond Comes In Oversubscribed
Qatar set a record by bringing the largest ever Islamic bond issue to market as its Qatar Global Sukuk (QGS) came in over two times oversubscribed and the offer was increased from the originally proposed $500mn to $700mn. The floating rate bond secured a favourable price of 40bps over libor for its issuers, which is considerably less than its fixed rate debut 10-year $1bn...
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