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6 months ago
Qatar Reinsurance launches $450 million perpetual bond - lead
March 6, 2017 / 12:32 PM / 6 months ago

Qatar Reinsurance launches $450 million perpetual bond - lead

DUBAI, March 6 (Reuters) - Qatar Reinsurance Co., a subsidiary of Qatar Insurance Co., has launched a $450 million perpetual bond with a yield of 4.95 percent, a document issued by one of the lead banks showed.

Initial price guidance for the subordinated Tier 2 non-call 5.5-year bond was in the 5.5 percent area earlier on Monday.

Pricing guidance was tightened to 5.125 percent area initially, and then further to 5 percent, before the bond launch at 4.95 percent. (Reporting by Sudip Roy; writing by Davide Barbuscia; editing by Susan Thomas)

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