Qatar’s Dukhan Bank has mandated a group of regional and international lenders to arrange a potential $500 million Additional Tier 1 (AT1) sukuk, as it moves to strengthen its capital position through global debt markets.
The Islamic bank, rated A2 by Moody’s with a stable outlook and A by Fitch on negative watch, is planning investor calls starting Tuesday as part of the issuance process.
The proposed sukuk is structured as a perpetual, non-call, resettable 5.5-year instrument marketed under Reg S rules, and is expected to be listed on the London Stock Exchange’s International Securities Market.
A wide syndicate of banks has been appointed as joint lead managers and bookrunners, including major regional and global financial institutions.
The move reflects continued strong activity in Gulf debt markets, where banks and sovereign-linked entities regularly tap international investors to support liquidity and capital requirements.
