We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Tue 15 Jun 2010 01:36 PM

Font Size

- Aa +

Qatari Diar readies $3.5bn bond issue - source

Issue will come through a syndicate of local and int'l banks including HSBC and Barclays.

Qatari Diar readies $3.5bn bond issue - source
(Getty Images)

Qatari Diar, a property arm of Qatar's sovereign wealth fund, will issue a $3.5bn bond denominated in dollars in the coming weeks with five and 10-year maturities, a source close to the matter said on Tuesday.

The issue will come through a syndicate of local and international banks including HSBC, Barclays Capital, Standard Chartered and QNB Capital, the investment banking unit of Qatar National Bank, the source said.

Qatari Diar, which counts London's Chelsea Barracks among its most high-profile overseas assets, holds a 45 percent stake in Qatar's Barwa Real Estate company.

Qatar issued 10 billion riyals ($2.75bn) worth of eight-year conventional and Islamic bonds with a coupon of 6.5 percent to local banks earlier in June. (Reuters)

Arabian Business: why we're going behind a paywall

For all the latest Qatar news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.