QIIB $500mn sukuk issuance has attracted overwhelming investor interest, underscoring the strong confidence in Qatar’s robust economy and the bank’s sound financial standing. The Islamic lender announced the successful completion of its $500 million senior unsecured sukuk, issued under Regulation S as part of its existing $2 billion Trust Certificate Issuance Programme.
Oversubscription Highlights
The transaction generated orders exceeding $2 billion, more than four times the issue size, marking one of the most highly subscribed issuances by an Islamic financial institution in 2025. This strong response highlights the solid reputation QIIB holds among regional and international investors. Notably, allocations to investors outside the GCC surpassed 49 percent, reflecting the bank’s growing international profile.
Competitive Pricing and Stable Ratings
The five-year sukuk was priced at a profit rate of 85 basis points above the five-year US Treasury rate, resulting in a final yield of 4.548 percent per annum. QIIB achieved one of the most competitive pricing levels among Islamic financial institutions for comparable maturities. The bank carries an ‘A2’ rating with a stable outlook from Moody’s and an ‘A’ rating with a stable outlook from Fitch Ratings, reaffirming its strong credit profile and operational performance.
Broad Syndicate Participation
A consortium of leading regional and global banks managed and marketed the issuance as Joint Lead Managers and Joint Bookrunners. They included Al Rayan Investment LLC, ABC Bank, Citi, Dubai Islamic Bank, Dukhan Bank, Emirates NBD Capital, HSBC, Mashreq, QNB Capital, Standard Chartered Bank, ICBC, and The First Investor. Before the issuance, QIIB engaged investors through a global call, followed by virtual and in-person meetings in London, which received positive feedback on Qatar’s stable economic outlook and the bank’s growth plans.
CEO Highlights Investor Confidence
QIIB Chief Executive Officer Dr. Abdulbasit Ahmad Al-Shaibei said the successful completion of this transaction reflects the continued trust international markets place in QIIB and Qatar’s economic resilience. He noted that the bank’s ability to draw such strong demand despite a competitive global environment underscores the institution’s solid foundation, prudent risk management, and clear strategic direction.
Dr. Abdulbasit Ahmad Al-Shaibei added that this issuance strengthens the bank’s funding base and supports its medium-term growth plans approved by the Board of Directors. He also emphasized the bank’s consistent success in the sukuk market, recalling previous issuances, including Additional Tier 1 Sukuk and the pioneering Sustainable Sukuk, which was the first of its kind by a Qatari institution.
Strengthening Market Presence
QIIB $500mn sukuk issuance reaffirms its commitment to expanding its international capital market presence and diversifying its investor base. The bank’s strong track record in issuance, coupled with its stable credit ratings, supports its long-term strategy, which aligns with Qatar National Vision 2030. The strong investor participation reflects ongoing confidence in Qatar’s financial stability, which continues to offer attractive investment avenues across multiple sectors.
