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 dollarsukuk, arranging banks said on Wednesday.

Benchmark-sized is normally understood to mean at least $500million. Early price talk for the sukuk was released at 205basis points over midswaps.

HSBC , Standard Chartered and QNB Capital

are mandated arrangers on the deal. Investor meetingsare due to conclude in London on Monday.

QIIB's sukuk would follow a sukuk issue from Qatar IslamicBank last week, which raised $750 million at a profitrate of 2.5 percent.

(Reporting by Mala Pancholia; Writing by Rachna Uppal; Editingby Andrew Torchia)

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

Keywords: QIIB SUKUK/