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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Performance more

S&P’s assigns ‘AA-’ rating to Qatar’s $7 bln global bond issue

Posted on 19 November 2009

From Cpifinancial.net: The fixed-rate notes have three tranches: a $3.5 billion four per cent tranche maturing January 20 2015; a $2.5 billion 5.25 per cent tranche maturing January 20, 2020; and a $1 billion 6.4 per cent tranche maturing January 20, 2040.

The proceeds of the bonds will help the State of Qatar’s general financing, and will be used in areas such as contingency funding for entities that the state owns or controls, and infrastructure investments funding in and outside the hydrocarbon sector…………Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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