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#Qatar Islamic Bank's dollar #sukuk books top $1 billion -lead

Wed, 2017-05-17 14:22 — newsdesk

Order books for Qatar Islamic Bank's planned dollar five-year sukuk have topped $1 billion. The senior unsecured deal is part of a $3 billion sukuk programme. It will be of benchmark size, which conventionally means upwards of $500 million. Initial price guidance for the Islamic bond was 145-155 basis points over mid-swaps. Citi, Emirates NBD Capital, HSBC, Noor Bank, QInvest and Standard Chartered Bank have been appointed to lead the transaction.

Source: 

http://www.reuters.com/article/qib-sukuk-books-idUSD5N1FR011