DUBAI: Qatar Islamic Bank (QIB), the Gulf state’s largest sharia-compliant lender, is planning to issue a five-year benchmark-sized Islamic bond, or sukuk, this week, arranging banks said yesterday. Price guidance for the dollar-denominated issue was set at a spread of 190 basis points over midswaps. The Benchmark-sized bond is understood to be at least $500m. HSBC, Standard Chartered, Deutsche Bank and Qinvest, part-owned by QIB, are arranging the deal.
Reuters
