Middle East Economic Survey


No 29



Qatari Diar Sells Two-Part $3.5bn Bond

Qatari Diar Real Estate Investment Company (Qatari Diar), the property arm of Qatars sovereign wealth fund, sold a two-part $3.5bn bond deal on 14 July. The $2.5bn 10-year tranche offers a premium of 190 bps over comparable US Treasuries to yield 5.004%. It was sold at an issue price of 99.969%, with a coupon fixed at 5%. The $1bn five-year tranche carries a yield of 3.665%, a premium of 180 bps...