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

April 10, 2016 6:24 pm


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.

Both the instruments can be issued in Qatari riyals or in various major currencies. The duration of the CDs was not mentioned by the lender.

(Reuters)

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AMEinfo Staff
By AMEinfo Staff
AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.



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