Qatar’s QIIB starts selling $500mln senior sukuk – document

Qatar’s QIIB starts selling $500mln senior sukuk – document

Qatar International Islamic Bank plans to raise $500 million from the sale of its senior sustainable sukuk maturing in January 2029, according to a document reviewed by Reuters on Wednesday.

The Islamic lender has given initial price guidance of around 160 basis points over U.S. Treasuries for its debt sale, the document said.

(Reporting by Mohammad Edrees; Editing by Tom Hogue)

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