Wires

Qatar lender QIIB prices $700 mln 5-yr sukuk

Share

DUBAI, Oct 11 (Reuters) - Qatar International Islamic Bank

priced a $700 million five-year sukuk on Thursday, ata profit rate of 2.688 percent.

HSBC Holdings , Standard Chartered and QNBCapital, a unit of Qatar National Bank were mandatedbookrunners on the deal.

QIIB launched the sukuk earlier in the day at the lower endof revised price guidance, in a reflection of healthy demand forthe deal.

Last week, Qatar Islamic Bank sold $750 million ina five-year sukuk at 2.5 percent.

(Reporting by Rachna Uppal; Editing by Dinesh Nair)

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

Keywords: QIIB SUKUK/