Jun 29 2011 |
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Qatar's Almana Group Launches 5-Yr USD Sukuk Offering - Banker
Wednesday, Jun 29, 2011
(This story was originally published Tuesday)
DUBAI (Zawya Dow Jones)--Qatar's Almana Group , a multi-line holding company, has launched a five-year, U.S. dollar floating-rate Islamic bond, or sukuk, offering that's expected to be priced around mid-July, a lead manager on the issue said Tuesday.
"Issue size is to be determined with price guidance in the area of three month U.S. dollar Libor +450 basis points; issue price 100, with pricing expected in the near future," Gulf International Bank , who is the sole bookrunner and the joint lead manager of the offering, said in an emailed statement to Zawya Dow Jones.
"The bond was launched today and it mainly targets regional investors," a banker familiar with the deal told Zawya Dow Jones. One-on-one investor meetings are scheduled over the coming two weeks, he added.
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
29-06-11 0356GMT
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