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Qatar Islamic Plans Benchmark Islamic Bond - ASHARQ AL-AWSAT English Archive
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DUBAI, (Reuters) – Qatar Islamic Bank (QIB), the Gulf state’s largest Islamic lender, said it has mandated Credit Suisse, HSBC and QInvest, for its first dollar-denominated benchmark Islamic bond issue.

The Islamic bond, or sukuk, is expected to be launched after investor roadshows in the Middle East, Asia and Europe, beginning on September 24, QIB said in a statement late on Wednesday.

A benchmark issue is normally at least $500 million in size.

In June, Qatar Islamic Bank invested 1.25 billion riyals (343.6 million) in a government-issued sukuk.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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