Qatar's QIIB picks banks for potential Islamic bond
DUBAI, Oct 4 (Reuters) - Qatar International Islamic Bank
has mandated banks for a potential Islamic bond, or sukuk, issue, arranging banks said on Thursday, with roadshows slated to begin on October 7.
HSBC , Standard Chartered and QNB Capital
will arrange the investor meetings in the Middle East, Asia and Europe after which a dollar-denominated Reg S sukuk may follow, subject to market conditions.
QIIB is the third largest Islamic bank by assets in the Gulf Arab state, and is rated A- by Fitch and A3 by Moody's.
On Wednesday, Qatar Islamic Bank sold a $750 million sukuk at a profit rate of 2.5 percent, after receiving $6 billion in orders for the deal.
(Reporting by Mala Pancholia; Writing by Rachna Uppal; Editing by Amran Abocar)
Keywords: QIIB SUKUK/