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QIB successfully closes $750m 5-year Sukuk
Qatar Islamic Bank, rated A1/A-/A (all stable) by Moody’s/Standard & Poor’s/Fitch, successfully closed a $750m 5-year Sukuk with a profit rate of 1.95 percent per annum, which is equivalent to a credit spread of 155bps over the 5-year Mid Swap Rate. The transaction was executed under QIB’s $4bn Trust Certificate…
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