Register
Login:
Share:
Email Facebook Twitter

Finance & Stock Market News


Qatar to issue $4 bln sukuk Wednesday - leads

Tue, 10th Jul 2012 14:31


DUBAI, July 10 (Reuters) - Qatar will sell $4 billion in a two-part Islami
c bond sale with pricing 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.




Next Article: BRIEF-M&S pay report backed by 96.3 percent at AGM

Back to Finance News


Sign up for Live Prices
Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.