DOHA: Qatar International Islamic Bank has begun a business tour involving a series of meetings with investors in several countries, as the bank plans to issue a USD denominated Sukuk.

Qatar International Islamic Bank (QIIB), appointed Standard Chartered Bank as Sole Structuring Advisor, QNB Capital and Standard Chartered Bank as Joint Global Coordinators, and Barwa Bank, Kuwait International Bank, QInvest, QNB Capital and Standard Chartered Bank as Joint Lead Managers and Joint Bookrunners to arrange fixed income investor meetings in Singapore, Hong Kong and London commencing on Friday 8 November 2019.

A fixed rate resettable Regulation S Registered USD Additional Tier 1 perpetual non-call 5-year unrated Sukuk may follow, subject to market conditions.