Qatar Islamic Bank (QIB), Qatar’s largest Islamic lender, is planning to launch its first dollar-denominated benchmark Islamic bond (sukuk) after the completion of investor roadshows, which begin on 24 September.
A benchmark issue is normally at least $500m in size. The roadshows will take place across the Middle East, Asia and Europe.
QIB has mandated Switzerland’s Credit Suisse, UK’s HSBC and Qatar’s largest investment bank QInvest as joint lead managers and bookrunners for the issue, according to a statement published by the bank.
QIB is rated A by ratings agency Fitch.