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IBQ to issue up to $750 mln in bonds in late 2012

Posted on 15 November 2011

International Bank of Qatar (IBQ) plans to issue up to $750 million in bonds late next year as part of a strategy to increase long-term debt on its balance sheets, the bank’s managing director said on Monday. The bank will also seek a credit rating in early 2012, Managing Director George Nasra said.

“IBQ plans to sell up to $750 million in bonds in the second half of next year. This is part of the bank’s long term strategy for growth. We want to increase the long-term debt on our balance sheets. We will also be seeking credit rating early next year,” Nasra said………………………………………Full Article: Source

 
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