Qatar Real Estate Investment Company (QREIC) has mandated HSBC to act as Sole Lead Manager and Bookrunner for a benchmark Sukuk issue.
The issue is significant for several reasons:
- It will be the first rated sukuk for a Qatari corporate
- It is only the second corporate sukuk ever to come from Qatar, following QREIC's unrated issue in 2006
- Pricing of the issue will set a benchmark for Qatar corporates to raise funding in the debt capital markets in future