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)

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Keywords: QIIB SUKUK/