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| 06 December, 2017

Qatar International Islamic Bank eyes dollar benchmark sukuk in Feb - sources

To match Feature FINANCE-ISLAMIC

To match Feature FINANCE-ISLAMIC

REUTERS/Fadi Al-Assaad

Benchmark bond deals are generally upwards of $500mln: sources

DOHA, Dec 6 (Reuters) - Qatar International Islamic Bank (QIIB), Qatar's third largest listed Islamic bank by assets, plans to issue a U.S. dollar-denominated benchmark sukuk in February, said two sources familiar with the matter.

Benchmark bond deals are generally upwards of $500 million. One of the sources said the transaction could go up to $700 million in size.

The planned issuance would be QIIB's first debt sale under a $2 billion sukuk programme the bank established in October.

QNB Capital, Citigroup and Standard Chartered arranged the sukuk programme, sources told Reuters in October.

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(Reporting by Hadeel Al Sayegh; writing by Davide Barbuscia; Editing by Amrutha Gayathri) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))

Keywords: QIIB SUKUK/