Qatar Islamic Bank raising $750 mln from sukuk, narrows guidance further

October 20, 2015 10:46 AM

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DUBAI Oct 20 Qatar Islamic Bank has further narrowed price guidance for a $750 million five-year sukuk issue, which it plans to price later on Tuesday, a document from lead arrangers showed.

Price guidance has been revised to the range of 135-140 basis points (bps) over midswaps, the document showed, narrower than its previous guidance of 140-145 bps. The initial guidance was given in the area of 145 basis points over the same benchmark.

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