Qatar international Islamic bank issued the $500 million sustainable ‘Oryx’ sukuk for a period of five years earlier this year as part of the bank's sukuk programme with a total value of $2 billion. The issuance was priced at a spread of 120 basis points above the five-year US Treasury rate, with a final yield of 5.247% annually.

The final price guidance for the fresh sale is at 100 basis points over US Treasuries, with annual yield of 5.138%, fixed income news service IFR reported.

For the new tap, which takes the total to $750 million, the pricing has been adjusted to reflect current market conditions.