Qatar's QIIB eyes benchmark 5-yr dollar sukuk
DUBAI, Oct 10 (Reuters) - Qatar International Islamic Bank
plans to issue a benchmark-sized, five-year dollar sukuk, arranging banks said on Wednesday.
Benchmark-sized is normally understood to mean at least $500 million. Early price talk for the sukuk was released at 205 basis points over midswaps.
HSBC , Standard Chartered and QNB Capital
are mandated arrangers on the deal. Investor meetings are due to conclude in London on Monday.
QIIB's sukuk would follow a sukuk issue from Qatar Islamic Bank last week, which raised $750 million at a profit rate of 2.5 percent.
(Reporting by Mala Pancholia; Writing by Rachna Uppal; Editing by Andrew Torchia)
Keywords: QIIB SUKUK/