Monday, 11 April 2016

Doha Bank seeks approval for up to $5 bln in short-term instruments | Reuters

Doha Bank seeks approval for up to $5 bln in short-term instruments | Reuters:

"Qatar's Doha Bank said on Sunday it would seek shareholder approval to raise funds through up to $5 billion worth of short term instruments.

The lender is asking for approval to issue up to $3 billion through certificate of deposits (CDs), it said in a bourse statement.

The bank also said in the statement it would ask for shareholder approval to issue euro commercial paper worth $2 billion, with a maximum tenor of up to 1 year."



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