Oct 20 Qatar Islamic Bank has revised price guidance for a five-year dollar-denominated sukuk issue of benchmark size, which it plans to price later on Tuesday, a document from lead arrangers showed.
Price guidance has been revised to the range of 140-145 basis points over midswaps, the document showed, narrower than the initial price guidance given in the area of 145 basis points over the same benchmark.
Order books exceeded $1 billion and the sukuk is being arranged by Barwa Bank, Citi, HSBC, Noor Bank, QInvest and Standard Chartered.
Benchmark size usually means the deal will be worth at least $500 million. (Reporting by Archana Narayanan; Editing by David French).
Originally published on www.reuters.com