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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

GIC, Qatar to underwrite Prudential rights issue

Posted on 08 March 2010

From Thestar.com.my: Singapore’s biggest sovereign wealth fund GIC and Qatar Holding LLC have committed to underwrite a significant portion of UK Prudential’s US$20bil rights issue.

GIC is an existing shareholder, with a 0.5% stake in Prudential, but Qatar does not appear to rank as an existing investor, signalling that the British insurer is inviting new investors to make the deal a success………………………………………..Full Article: Source


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