The third largest bank in Qatar, Doha Bank, yesterday said it plans to issue senior debt bonds of $500 million (Dh1.83 billion) through its fully-owned Bermuda-based subsidiary in the first quarter of 2011.
In a statement following an ordinary general meeting (OGM) held recently, the bank said despite the uncertain economic climate following the global financial crisis, it has been able to make headway in profits and increased returns on assets and equity in the first nine months of 2010.
The OGM was held to discuss the issue of the senior debt bonds, among others.
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