
Qatar Real Estate Investment Company (QREIC) has signed a $375 million Islamic financing package, lead managed by a group of four banks. The facility will be split between a syndicated loan and a sukuk, the first to be issued by a local corporate. Doha launched a $700 million sovereign sukuk in late 2003 explicitly designed to set a benchmark for corporate issuance (MEED 3:10:03).
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