March 10, 2016 / 6:47 AM / 4 years ago

Qatar International Islamic Bank preparing 1 bln riyal sukuk issue

DUBAI, March 10 (Reuters) - Qatar International Islamic Bank is in the advanced stages of preparing to conduct a Tier 1 sukuk issue worth 1 billion riyals ($275 million), it said in a statement on Thursday.

The bank said the capital-boosting issue would follow the bank receiving all regulatory approvals. It didn’t elaborate. (Reporting by Yara Bayoumy; Writing by Tom Arnold; Editing by Andrew Torchia)

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