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QIB named 6 Banks to arrange for USD Sukuk issuance

QIB named 6 Banks to arrange for USD Sukuk issuance

11/05/2017, Doha,Qatar

Qatar Islamic Bank (QIB) (rated A1 by Moody’s (Stable), A- by S&P (Negative) and A+ by Fitch (Stable)), the largest Islamic bank in Qatar by total assets, has mandated Citi, Emirates NBD Capital, HSBC, Noor Bank, Qinvest and Standard Chartered Bank as Joint Lead Managers to arrange global fixed income investor calls and meetings in London, commencing on 15 May 2017. A benchmark USD Regulation S 5-year Senior Unsecured Sukuk offering under the existing QIB Sukuk Ltd U.S.$3,000,000,000 Trust Certificate Issuance Programme will follow subject to market conditions.

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