{"id":85978,"date":"2024-08-12T00:00:00","date_gmt":"2024-08-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/08\/12\/qiib-issues-usd-250-mn-sustainable-sukuk-tap-issuance\/"},"modified":"2024-08-12T00:00:00","modified_gmt":"2024-08-12T00:00:00","slug":"qiib-issues-usd-250-mn-sustainable-sukuk-tap-issuance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/08\/12\/qiib-issues-usd-250-mn-sustainable-sukuk-tap-issuance\/","title":{"rendered":"QIIB issues USD 250 mn sustainable sukuk tap issuance"},"content":{"rendered":"

The <\/strong>Qatar International Islamic Bank (QIIB) has finalized a USD 250 mn <\/strong>sustainable sukuk tap issuance<\/strong>, according to a statement<\/a> published by issuance advisor Dentons<\/a> last week. The certificates were issued by a special purpose vehicle issuer incorporated in the Cayman Islands QIIB Senior Oryx<\/a>. QIIB listed the original USD 500 mn issuance<\/a> on the London Stock Exchange (LSE) back in January under its USD 2 bn trust certificate issuance program.<\/p>\n

Uh, Enterprise, what\u2019s a tap issuance? <\/strong>A <\/span>tap issue<\/a> is a subsequent sale of additional bonds from an existing bond issue. These new bonds share the same maturity date, face value, and interest rate as the original bonds but are sold at the current market price rather than the original issue price.<\/span><\/p>\n

The details: <\/strong>The five-year USD-denominated issuance, rated A by Fitch, was priced at 100 basis points (bps) above US Treasuries, with an annual yield of 5.138%. It was approved for trading on the LSE\u2019s International Securities Market. <\/p>\n

The OG issuance <\/strong>saw a lot of interest: <\/strong>The existing issuance was 8x oversubscribed<\/a> to over USD 4 bn. The issuance garnered support from over 120 investors from across MENA, Asia, EU, and American markets, the bank notes, adding that 55% of investments were inbound from outside the MENA region.<\/p>\n","protected":false},"excerpt":{"rendered":"

QIIB listed the original USD 500 mn issuance on the London Stock Exchange back in January<\/p>\n","protected":false},"author":1,"featured_media":85979,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84],"tags":[83,11,164,153,163],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseclimate","tag-green-finance","tag-green-sukuk","tag-qatar","wpautop","entry"],"acf":{"mongo_id":"2bf94796-8702-406d-b2d4-f0ebe4cccdd0","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/2595.jpg","photo_position":"above","homepage_title":"","full_issue_title":"QIIB issues USD 250 mn sustainable sukuk tap issuance","related_issue":[85971],"teaser":"QIIB listed the original USD 500 mn issuance on the London Stock Exchange back in January","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.5db329af-d7eb-4a1e-8444-e308f0857388.mp3"},"yoast_head":"\nQIIB issues USD 250 mn sustainable sukuk tap issuance - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/08\/12\/qiib-issues-usd-250-mn-sustainable-sukuk-tap-issuance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"QIIB issues USD 250 mn sustainable sukuk tap issuance\" \/>\n<meta property=\"og:description\" content=\"QIIB listed the original USD 500 mn issuance on the London Stock Exchange back in January\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2024\/08\/12\/qiib-issues-usd-250-mn-sustainable-sukuk-tap-issuance\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-12T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/08\/12\/qiib-issues-usd-250-mn-sustainable-sukuk-tap-issuance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/08\/12\/qiib-issues-usd-250-mn-sustainable-sukuk-tap-issuance\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"QIIB issues USD 250 mn sustainable sukuk tap issuance\",\"datePublished\":\"2024-08-12T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/08\/12\/qiib-issues-usd-250-mn-sustainable-sukuk-tap-issuance\/\"},\"wordCount\":212,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/08\/12\/qiib-issues-usd-250-mn-sustainable-sukuk-tap-issuance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=%2C&ssl=1\",\"keywords\":[\"DEBT WATCH\",\"EnterpriseClimate\",\"green finance\",\"Green sukuk\",\"Qatar\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/08\/12\/qiib-issues-usd-250-mn-sustainable-sukuk-tap-issuance\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2024\/08\/12\/qiib-issues-usd-250-mn-sustainable-sukuk-tap-issuance\/\",\"name\":\"QIIB issues USD 250 mn sustainable sukuk tap issuance - 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