Sharjah Islamic Bank sets guidance for 5-yr sukuk, to price Tues

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)

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