Business | Banking

Channel Sponsor

QIB eyes $300m in Islamic bonds

Qatar Islamic Bank (QIB), the country's second-largest lender by market value, is considering selling Islamic bonds worth $300 million to refinance existing debt, two bankers said yesterday.

  • Reuters
  • Published: 23:43 August 20, 2008
  • Gulf News

Dubai: Qatar Islamic Bank (QIB), the country's second-largest lender by market value, is considering selling Islamic bonds worth $300 million to refinance existing debt, two bankers said yesterday.

The bank has mandated ABN Amro and Standard Chartered Bank to arrange the Islamic bonds, or sukuk, two bankers familiar with the transaction told Reuters, declining to be identified due to privacy regulations.

The bonds would be issued depending on market conditions, although the lender is looking to borrow funds before year-end.

  • Rate this article
  • Average reader rating (0 votes) 0 Stars
Airlines in the region
Budget travel

Airlines in the region

Take a pictorial look at some of the budget airlines in GCC

Business Editor's choice