Qatar Exchange | Qatar Insurance Company | Qatar Insurance Company Issues USD 500 Million Tier II Bond

 

Qatar Insurance Company Q.P.S.C. (“QIC”), the leading insurer in Qatar and the MENA region, has successfully issued a USD 500 million subordinated perpetual Tier II capital bond with a fixed coupon of 6.15%. The issuance was met with exceptional demand, attracting orders in excess of USD 3 billion. The notes, listed on the London Stock Exchange, mark a significant milestone in QIC’s ongoing capital optimization strategy and underscore the depth of international investor confidence in the company’s credit quality, resilience, positive profitability outlook, and integral role in Qatar’s economic landscape.As the only insurance group in the region to actively access global debt capital markets for its capital needs and maintain such a diversified capital structure, QIC continues to set the benchmark for financial innovation and balance sheet strength in the regional insurance sector.Commenting on the transaction, Mr. Salem Al Mannai, QIC Group CEO, stated:“This landmark issuance reflects the strength of QIC’s financial fundamentals, our consistent delivery of strong results, and the deep confidence global investors place in us. As the only regional insurer with a proven track record in the international debt capital markets, we are proud to reinforce our position as a trusted, forward-looking institution. The overwhelming demand for our bonds is a clear testament to the resilience of our business model, the strategic progress we continue to make, and the robust macroeconomic environment of the State of Qatar.” 

Regional Markets indices ()

Name Last Change (%) Value
Abu Dhabi 9,981.50 0.01 1,195,985,996
Dubai 5,753.27 0.09 442,438,989
Saudi 11,244.45 1.03 5,625,805,139
Kuwait 9,112.74 0.32 49,167,190
Qatar 10,759.49 0.56 373,411,006
Muscat 4,549.98 0.56 12,484,052
Bahrain 1,946.89 0.17 1,069,422
Egypt 32,820.49 0.35 1,928,627,136
Amman 2,818.31 0.38 12,436,978
Palestine 592.77 0.78 1,003,193

Commodities

Name Last update Closing Price Change %
Brent Jul-04 68.30 0.73
Natural Gas Jul-04 3.39 0.65
Gold Jul-04 3,346.50 0.11
Silver Jul-04 37.14 0.15
Platinum Jul-04 1,407.10 1.81
Nymex Light Jul-04 66.50 0.75

Global Market Indices

Name Opening price Closing Price Change%
Dow Jones 44,565.75 44,828.53 0.77
Nasdaq 20,497.66 20,601.10 1.02
S&P 500 6,246.46 6,279.35 0.83
Name Opening price Closing Price Change%
Frankfurt 23,833.14 23,787.45 0.61
Paris 7,713.54 7,696.27 0.75
London 8,823.20 8,822.90 0
Stockholm 965.69 964.40 0.48
Switzerland 11,942.53 11,972.41 0.05
Name Opening price Closing Price Change%
Shanghai 3,459.59 3,472.32 0.32
Hong Kong 23,900.69 23,916.06 0.64
Jakarta 6,893.22 6,865.19 0.19
Tokyo 39,994.64 39,810.88 0.06

Currency

Name Rate Last update
EURO/USD 1.178 Jul-04
GBP/USD 1.365 Jul-04
USD/JPY 144.472 Jul-04
USD/CHF 0.794 Jul-04