Jul 18 2011 |
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Qatar's Almana Grp Prices 5-Yr Floating Rate Sukuk At Libor +450 Bps
Monday, Jul 18, 2011
BEIRUT (Zawya Dow Jones)--Qatar's Almana Group said it has priced its five year $215 million floating rate trust certificate sukuk at three-month U.S. dollar Libor +450 basis points.
The sukuk, issued by Almana Sukuk 2011 Ltd., is guaranteed by Almana Group W.L.L., Almana Motors Co. W.L.L., Almana Trading Co. W.L.L., United Cars Almana and Almana Maples W.L.L., according to an e-mailed statement issued Sunday by sole bookrunner Gulf International Bank B.S.C.
GIB , Barwa Bank , International Bank of Qatar and Qatar Islamic Bank acted as joint lead managers. An application has been made to list the sukuk on the London Stock Exchange.
Copyright (c) 2011 Dow Jones & Co.
18-07-11 0404GMT
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