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FINANCIAL NEWS
Qatar Re raises USD450mn amid bond issuance
09 Mar 2017
(MENAFN) Qatar Insurance Co. reinsurance subsidiary “Qatar Re (Bermuda) Limited”, proclaimed the placement of USD450mn of Reg S Perpetual non-call subordinated Tier 2 notes.
Moreover, the issuance attracted more than 290 orders for more than USD6.5bn and achieved a balanced global distribution with 30 percent Asia.
In addition, the issue will enable the firm to respond to increased demand and support its comprehensive service proposition with substantial capacity.
Accordingly, interest from investors was outstanding following an extensive roadshow, while the new USD450mn issue reinforces their efficient capital structure.
MENAFN0903201700450000ID1095302065
MENAFN0903201700450000ID1095302065
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