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HSBC to arrange first ever rated corporate Sukuk from Qatar

Submitted by Muslim Investor on Sun, 2007/07/08 - 21:34

Qatar Real Estate Investment Company (QREIC) has mandated HSBC to act as Sole Lead Manager and Bookrunner for a benchmark Sukuk issue.

The issue is significant for several reasons:

  1. It will be the first rated sukuk for a Qatari corporate
  2. It is only the second corporate sukuk ever to come from Qatar, following QREIC's unrated issue in 2006
  3. Pricing of the issue will set a benchmark for Qatar corporates to raise funding in the debt capital markets in future

Via AME Info and The Penninsula Qatar.

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