Reuters logo
Qatar Islamic Bank tightens dollar sukuk price guidance -lead
May 16, 2017 / 10:39 AM / 7 months ago

Qatar Islamic Bank tightens dollar sukuk price guidance -lead

DUBAI, May 16 (Reuters) - Qatar Islamic Bank, Qatar’s largest Islamic lender, has tightened the price guidance of its planned five-year dollar sukuk to 140-145 basis points over mid-swaps from an initial guidance of 145-155 bps over mid-swaps, a document issued by one of the banks leading the deal showed on Tuesday.

Order books for the Regulation S, senior unsecured transaction topped $1.75 billion, the document showed.

Citi, Emirates NBD Capital, HSBC, Noor Bank, QInvest and Standard Chartered Bank are leading the deal, which is expected to price on Tuesday.

Reporting by Davide Barbuscia; editing by Jason Neely

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below