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#Qatar's Ezdan Holding prices $500 mln debut five-yr #sukuk - leads

Thu, 2016-05-12 13:53 — newsdesk

Qatar's Ezdan Holding has priced a $500 mn five-year sukuk issue. The wakala-structured transaction carries a profit rate of 4.375 percent, equivalent to a spread over midswaps of 333 basis points. The reoffer price was 99.446 percent. Barwa Bank, Emirates NBD Capital, HSBC and Mashreq arranged the transaction and were joined by Abu Dhabi Islamic Bank before its close.

Source: 

http://www.reuters.com/article/ezdan-sukuk-idUSL5N1885NA