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Qatar Insurance Company’s (QIC) has launched its $500 million USD perpetual non-call Tier 2 notes with yield set at 6.15%, tightening from initial price thoughts in the 6.75% area.
Books are over $3 billion, excluding joint lead manager interest.
The notes will be rated BBB by S&P, below the issuer's A–/A– (S&P/AM Best).
(Writing by Brinda Darasha; editing by Seban Scaria)
