DUBAI May 11 Qatar Islamic Bank
(QIB), the largest Qatari Islamic bank by total assets, has
mandated banks ahead of a U.S. dollar-denominated sukuk sale, a
document issued by one of the banks leading the deal and seen by
Reuters showed on Thursday.
The Regulation S, senior unsecured deal would be a five-year
benchmark transaction. Benchmark bonds are usually upwards of
Citi, Emirates NBD Capital, HSBC, Noor Bank, QInvest and
Standard Chartered Bank have been appointed to arrange global
fixed income investor calls and meetings in London, starting on
May 15, ahead of the potential transaction.
The issuance would be part of an existing $3 billion trust
certificate issuance programme.
QIB is rated A1 by Moody’s, A- by S&P and A+ by Fitch.
(Reporting by Davide Barbuscia; Editing by Tom Arnold)