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06/12/2017 10:17 AST
Qatar International Islamic Bank (QIIB), Qatar's third largest listed Islamic bank by assets, plans to issue a U.S. dollar-denominated benchmark sukuk in February, said two sources familiar with the matter.
Benchmark bond deals are generally upwards of $500 million. One of the sources said the transaction could go up to $700 million in size.
The planned issuance would be QIIB's first debt sale under a $2 billion sukuk programme the bank established in October.
QNB Capital, Citigroup and Standard Chartered arranged the sukuk programme, sources told Reuters in October.
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The Vice-Chairman of QIIB, Sheikh Abdullah bin Thani bin Abdullah Al Thani, has said that the year 2017 had witnessed the bank's capability in achieving its target growth in terms of the most import
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QIIB has announced a net profit of QR832m for the year 2017, up 6 percent compared to the previous year. The bank's earnings per share stood at QR5.50 in 2017.
The Board of Directors recomm
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