Monday 9 July 2012

Qatar eyes dual-tranche Islamic bond - sources | Reuters

The Gulf Arab state of Qatar is planning to issue a two-tranche Islamic bond, or sukuk, four sources familiar with discussions said on Monday, as it kicked-off investor meetings in Malaysia.

The world's largest liquefied natural gas exporter is holding roadshows in Kuala Lumpur and Singapore on Monday and Tuesday respectively, arranging banks said last week, following which a sukuk may be issued, subject to market conditions.

No indication of size was made available, which is usually determined depending on investor feedback and appetite.

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