Qatar to sell $500 million - 600 million Islamic bonds

12 September 2003
Sources in Kuala Lumpur close to the deal say that Qatar is to sell between $500 million - 600 million in Islamic bonds by the end of September, reported Reuters on 12 September. Qatari officials will travel to Malaysia and Singapore in mid September as part of a roadshow to promote the sale of the bonds. Press reports from Doha have outlined details of the issue, which is to be lead managed by HSBCand Qatar International Islamic Bank, but no details on the size have been released.

The bond will have a maturity of seven years, but will be callable in five years, one of the sources is reported as saying.

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