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Qatari lender QIIB picks 3 banks for Islamic bond - exec

Thu, 29th Sep 2011 10:04

DOHA, Sept 29 (Reuters) - Qatar International Islamic Bank has picked QNB Capital, the invest

ment banking arm of Qatar National Bank, Standard Chartered and HSBC to arrange a benchmark sukuk, or Islamic bond, its chief financial officer told Reuters on Thursday.

'It will be a benchmark offering, but I can't confirm the size or timetable,' the bank's chief financial officer Edward Wong said.

Benchmark sized is understood to mean at least $500 million.

(Reporting by Regan Doherty; Writing by Rachna Uppal; Editing by Shaheen Pasha) Keywords: QIIB SUKUK

(rachna.uppal@thomsonreuters.com)(+971 4 366 4240)(Reuters Messaging: rachna.uppal.reuters.com@reuters.net)

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