- Today's Hot Chat Topics
- Member Benefits
- Manage your personalised Watchlist.
- Set up an online Virtual Portfolio.
- Participate in Share Chat.
- See more trades and director dealings.
- Play the Fantasy Share Trading Game.
Share:
HomeShare PricesShare ChatFinance NewsSharecast NewsRegulatory NewsBlogsLive PricesShares BookshopFinance ToolsMembers
Latest Share Chat
Finance & Stock Market News
Qatar to issue $4 bln sukuk Wednesday - leads
Tue, 10th Jul 2012 13:31
DUBAI, July 10 (Reuters) - Qatar will sell $4 billion in a two-part Islamic bond sale with pri
The deal, Qatar's first international sukuk in nearly a decade, has already attracted orders of about $22 billion, allowing the borrower to tap markets for the maximum $4 billion available.
Profit talk for the long five-year portion was revised to 120 to 125 basis points over midswaps, from 135 basis points released earlier in the day.
A size for the two tranches is still to be determined.
For the long 10-year portion, guidance was tightened to 160 - 165 bps over midswaps, from 175 bps indicated initially.
Books in Europe are due to close on Tuesday while Asia and Middle East books will close on Wednesday morning. The sukuk will price on Wednesday.
(Reporting by Mala Pancholia; Writing by Rachna Uppal; Editing by Dinesh Nair) Keywords: QATAR SUKUK/
(rachna.uppal@thomsonreuters.com)(+971 4 366 4240)(Reuters Messaging: rachna.uppal.reuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
cing due on Wednesday, arranging banks said, after initial price indications were tightened due to massive demand.
The deal, Qatar's first international sukuk in nearly a decade, has already attracted orders of about $22 billion, allowing the borrower to tap markets for the maximum $4 billion available.
Profit talk for the long five-year portion was revised to 120 to 125 basis points over midswaps, from 135 basis points released earlier in the day.
A size for the two tranches is still to be determined.
For the long 10-year portion, guidance was tightened to 160 - 165 bps over midswaps, from 175 bps indicated initially.
Books in Europe are due to close on Tuesday while Asia and Middle East books will close on Wednesday morning. The sukuk will price on Wednesday.
(Reporting by Mala Pancholia; Writing by Rachna Uppal; Editing by Dinesh Nair) Keywords: QATAR SUKUK/
(rachna.uppal@thomsonreuters.com)(+971 4 366 4240)(Reuters Messaging: rachna.uppal.reuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
