May 8 (Reuters) - Al Rajhi Bank, world's largest Islamic

bank in assets and market capitalisation, is planning to sell

5.5-year sustainable Islamic bonds, or sukuk, according to an

arranging bank document seen by Reuters on Wednesday.

The bank has hired Al Rajhi Capital, Citigroup Global

Markets Limited, Dubai Islamic Bank, Goldman Sachs

International, Emirates NBD Capital, HSBC ( HSBC ) and Standard Chartered ( SCBFF )

as joint bookrunners for the debt transaction, the document

showed.

Standard Chartered Bank ( SCBFF ) is also acting as sole

sustainability structurer.

The mandated banks are set to hold a series of fixed income

investor calls later in the day. The deal is reported to be

benchmark in size, typically understood to be at least $500

million, which will be issued under bank's $5 billion Additional

Tier 1 Capital Certificate Issuance Programme, the document

added.