Qatar Islamic
Bank ‘Al Masraf’ Announces Successful Issuance of 5-Year Term Sukuk
Worth USD 650 Million
21 January 2020
Part of its
program to issue Sukuk worth USD 4.0 billion, Qatar Islamic Bank (QIB)
has announced the successful issuance of Formosa Sukuk at a value of USD
650 million for five years term. The Bank has listed this issue in
Taipei Exchange, Taiwan and in the Irish Exchange. This issue come in
line with the Bank’s strategy to diversify financing resources to cover
new international markets.
This issue
is considered the first of Reg S Sukuk type listed in in Taipei
Exchange. It has strongly attracted the investors’ concern globally and
especially in Asia. The issue was managed by Standard Chartered Bank
‘Taiwan’.
This success
by QIB emphasizes the international investors’ confidence in the Qatari
economy and the Bank’s healthy strategy and strong financial position.