QIIB begins Asia, UK tour for meetings with potential sukuk investors

Leading Islamic bank QIIB is beginning a tour of Asia and the UK to hold a series of meetings with investors involving a number of countries. QIIB, rated A2/A by Moody’s/Fitch (both stable), the third largest listed Islamic bank in Qatar by total assets, appointed Standard Chartered Bank as sole structuring adviser, QNB Capital and Standard Chartered Bank as joint global co-ordinators, 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 November 8. “A fixed rate resettable Regulation S Registered USD Additional Tier 1 perpetual non-call 5-year unrated sukuk may follow, subject to market conditions,” QIIB said yesterday.