Qatar's QIIB to price $700 mln sukuk Thursday


DUBAI, Oct 11 (Reuters) - Qatar International Islamic Bank(QIIB) will issue a $700 million sukuk on Thursday,arranging banks said, and has revised earlier price guidance ina reflection of healthy demand for the deal.

Price guidance for the five-year deal has been set atbetween 190-195 over midswaps, tighter than indicated, withorder books reportedly at $2.7 billion on Wednesday afternoon.

HSBC , Standard Chartered and QNB Capital

are mandated arrangers on the deal. Investor meetingsconcluded in London on Wednesday.

QIIB's sukuk would follow an issue from Qatar Islamic Bank

earlier this month, which raised $750 million at aprofit rate of 2.5 percent.

(Reporting by Mala Pancholia; Writing by Rachna Uppal; Editingby Praveen Menon)

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

Keywords: QIIB SUKUK/