Dukhan Bank issues additional Tier 1 $500m sukuk in Qatar
DOHA, 19 hours, 36 minutes ago Dukhan Bank announced the issuance of its debut Additional Tier 1 $500 million sukuk priced with a profit rate of 3.95 per cent, the lowest rate for this type of issuance in the Qatari market, according to a press release. In addition to providing the lowest pricing in Qatar, the books were covered 4.5 times, peaking at $2.35 billion. Chairman and Managing Director Shaikh Mohammed bin Hamad bin Jassim Al Thani, said: We are very pleased with the success achieved by the issuance of this sukuk which follows alongside significant investor demand. This is yet further evidence of the Qatari economy’s distinguished position.