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Qatar Islamic Bank to sell $750 mln sukuk Wednesday

Wednesday, 3 Oct 2012 | 3:40 AM ET

DUBAI, Oct 3 (Reuters) - Qatar Islamic Bank , the Gulf Arab state's largest sharia-compliant lender, is set to issue a $750 million five-year Islamic bond on Wednesday, a document from the lead arrangers said.

Final price guidance for the sukuk tightened to 175-180 basis points over midswaps after substantial demand for the deal, with order books over $6 billion.

HSBC Holdings , Standard Chartered , Deutsche Bank and Qinvest, part-owned by QIB, are arranging the deal, which is due to price during morning, London time.

(Reporting by Rachna Uppal; Editing by Dinesh Nair)

((rachna.uppal@thomsonreuters.com)(+971 4 366 4240)(Reuters Messaging: rachna.uppal.reuters.com@reuters.net))

Keywords: QIB SUKUK/

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HSBA
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STAN
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