DUBAI, Aug 26 (Reuters) - Qatari Islamic lender Masraf Al
Rayan sold $750 million of five-year sukuk on
Wednesday, having received more than $3.6 billion in demand for
the debt sale, a document showed.
The bank set the spread at 185 basis points (bps) over
midswaps after it began marketing the Islamic bonds at about 220
bps over midswaps earlier on Wednesday.
Al Rayan Investment, Credit Agricole, HSBC
, Mizuho, MUFG, QNB Capital,
Societe Generale and Standard Chartered were
hired to arrange the deal.
The sukuk will be listed on Euronext Dublin.
(Reporting by Yousef Saba
Editing by David Goodman)
Standard Chartered (STAN)
HSBC Holdings (HSBA)