Doha - Mubasher: Qatar Insurance Company (QIC) said its unit Qatar Reinsurance will issue Tier 2 bonds, according to a statement.
Standard and Poor's (S&P) gave a "stable" outlook for QIC and its unit.
The QIC unit has chosen HSBC and BNP Paribas as global coordinators and joint lead managers, in addition to Emirates NBD Capital and the National Bank of Abu Dhabi (NBAD) to arrange a series of meetings with fixed income investors as of 2 March.
QIC has a 55.38% stake in Qatar Reinsurance.
The Qatar-listed insurer's stock rose 1.65% to QAR 73.80 by 11:15am UAE time, generating QAR 268,000 from the exchange of 3,600 shares.
Source : Mubasher
(c) All Rights Reserved - Mubasher Info 2005 - 2017 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers