| Kippreport.com

Qatar’s QIB bond price talk 262.5 bps + midswaps- sources

September 30, 2010 8:58 by Reuters

Qatar Islamic Bank’s (QIB) benchmark five-year Islamic bond, is said to yield around 262.5 basis points over midswaps, or just over 4 percent, three sources, including a lead arranger, said on Wednesday.

QIB wants to raise a minimum of $500 million from the A-rated bond, but two sources said the Islamic lender could raise as much as $750 million.

HSBC, Credit Suisse and QInvest are joint lead managers and bookrunners on the deal. Roadshows conclude in Europe on Thursday.

(Reporting by Regan Doherty and Rachna Uppal; Editing by Dinesh Nair)

Tags: 500 million, Islamic lender, Qatar Islamic Bank's five-year Islamic bond, Qatar's QIB bond price, QIB A-rated bond