close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Commercial Bank of Qatar seeks nod for $5 bln bond programme

CBQ issued 275 mln Swiss franc bond in November.

0

February 7, 2011 12:24 by



Commercial Bank of Qatar  (CBQ) will seek approval from shareholders to establish a $5 billion bond programme, according to a regulatory filing, showed, allowing the firm to tap international debt markets. If approved, the Euro medium term notes programme would allow the bank, or its subsidiary CBQ Finance, to issue bonds or other debt instruments, the agenda for the company’s annual general meeting, scheduled for Feb 21, showed.

CBQ last tapped global debt markets with a five-year, 275 million Swiss franc-denominated bond issue in November, the first Qatari credit to issue in the currency, which pays a coupon on 3 percent  The bank issued $1.6 billion in a dual-tranche bond in November 2009.

A healthy pipeline of bond issues from the Gulf Arab region is expected to result in excess of $30 billion in issuance in 2011, but borrowers are wary of selling debt at present because of contagion risks from political instability in Egypt.

Nonetheless, bankers have received requests for proposals from potential issuers, including the Bahrain government and Oman’s Bank Muscat .

CBQ’s fourth-quarter net profit soared 66 percent, but fell short of forecasts due to higher-than-expected provisions, the lender reported in January.

(Reporting by Rachna Uppal; Editing by Amran Abocar)



0

Tags: , , , , ,

Leave a Comment