THE government of Qatar has appointed Commerce International Merchant Bankers Bhd (CIMB) as the co-manager for the Far East region of its US$500mil-US$700mil first global Islamic Sukuk bond issue.
The book-building process for the seven-year bonds began on Sept 9 and will close at the end of the month. The bonds carry an A+ rating by Standards and Poor’s, and can be redeemed after five years. HSBC Bank Plc and Qatar International Islamic Bank are the lead managers for the issue.
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