QIB CEO doubles $600M target to $1B overnight - SMBC drops $1.6B on Yes Bank stake
Key Points
- Qatar Islamic Bank's $1 billion financing oversubscription h...
When Qatar Islamic Bank asked for $600 million and got $1 billion instead, someone clearly forgot to mention they were dealing with the financial equivalent of that friend who always brings twice as much food to the potluck.
QIB's Friday announcement wasn't just impressive - it was the kind of oversubscription that makes investment bankers weep tears of joy. The Islamic bank's unsecured Murabaha financing facility attracted so much interest that they had to politely tell latecomers, "Sorry, we're full." Meanwhile, across the globe, Japan's Sumitomo Mitsui Banking Corporation decided that owni...
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