KUWAIT, April 8 (Reuters) - Sharjah Islamic Bank, a
lender part-owned by the UAE emirate of Sharjah, is expected to
price a benchmark-sized five-year sukuk on Tuesday, a document
from lead managers said on Monday.
Initial price guidance for the dollar-denominated issue has
been set in the low 3 percent area, the document added.
Sharjah Islamic, which converted into an Islamic bank in
2002, chose Abu Dhabi-based Al Hilal Bank, HSBC Holdings
, Kuwait's Liquidity Management House and Standard
Chartered Plc to arrange investor meetings ahead of the
potential sukuk sale. The roadshows conclude on Tuesday morning.
(Reporting by David French; Editing by Andrew Torchia)