Qatar Islamic Bank (QIB) appointed six local and international banks as joint lead managers and joint bookrunners ahead of its potential US dollar-denominated sukuk issue, the Qatari lender said in a statement to the Qatar Stock Exchange (QSE) on Tuesday.
QIB mandated Barclays, Boubyan Bank, Credit Agricole, QInvest, QNB Capital, and Standard Chartered to arrange a series of meetings with fixed-income investors in Singapore, Hong Kong, and London starting from 14 March.
QIB targets a five-year senior unsecured sukuk sale as part of its $4 billion sukuk programme, subject to market conditions.
For the full-year 2018, the Qatari lender’s profits rose 14.5% to QAR 2.76 billion, against QAR 2.41 billion in 2017.
QIB’s stock fell 0.33% to close at QAR 144.20 on Tuesday.