The Qatar National Bank (QNB), a leading regional lender, has launched a debt (bond) fund which is open for subscription to retail as well as corporate and institutional investors with the minimum subscription amount being QR20,000 ($5,479.4). Further investment can be made be in multiples of QR 10,000.
The fund will be denominated in Qatari riyal (QR), a QNB release said yesterday adding that QNB is the first Qatari bank to float a debt fund. The unique features of the QNB Debt Fund provide an attractive platform for subscribers to invest in debt securities which are issued by GCC-based sovereign and corporate entities.
Amid often- challenging global market conditions, GCC bonds offer a combination of attractive rates of return (and superior levels of underlying credit risk) which is not generally available elsewhere.
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