Qatar market shows no dynamics after National Sports Day-continued

February 15, 2012--The Doha-based QE 20 Index fell 0.74% to 8,630.28 points Wednesday amid dwindling trading volumes. The country's largest lender Qatar National Bank or QNB declined 1.25% to QR134.60.
Earlier in the day QNB announced the successful completion of its first US Dollar bonds issue under its Euro Medium Term Note (EMTN) Program in international capital markets on 14 February 2012. The issue amounted to $1.0bn with a five year maturity and a coupon rate of 3.375%. QNB added: "Strong interest from investors reflecting almost 5 times over-subscription, and comprising more than 270 investors globally. The notes net proceeds will be utilized for general purposes of the bank." The issue was arranged and offered through a syndicate of joint lead managers comprising Barclays Capital, Citigroup, HSBC, QNB Capital and Standard Chartered Bank.

Source: AME Info


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