Dentons Guides Qatar International Islamic Bank In Successful US$300 Million Capital Issuance

Dentons Guides Qatar International Islamic Bank in Successful US$300 Million Capital Issuance

Dentons has advised Qatar International Islamic Bank (QIIB) on its successful issuance of US$300 million in Additional Tier 1 Capital Certificates, which was completed on October 2, 2024.

The issuance saw overwhelming demand, being more than eight times oversubscribed, with a total order book surpassing US$2.5 billion.

This marks QIIB's continued success in capital markets, following its earlier issuance of US$500 million in sustainable sukuk on January 11, 2024, and a tap issuance of US$250 million in sustainable sukuk on July 31, 2024.

The Dentons team handling the transaction was led by Partners Alex Roussos and Zaher Nammour, with support from Senior Legal Consultant Katie Phillips, Senior Associates James Osun-Sanmi and Sana Siddiqui, and Associate Samer El Husseini.