April 29, 2020 / 4:25 AM / a month ago

BRIEF-Qatar Insurance Intends To Issue Perpetual Subordinated Tier 2 Capital Notes

April 29 (Reuters) - QATAR INSURANCE GROUP:

* INTENDS TO ISSUE PERPETUAL SUBORDINATED TIER 2 QUALIFYING CAPITAL NOTES UP TO A MAXIMUM OF $300 MILLION

* THE NOTES WILL BE PERPETUAL IN NATURE

* THE NOTES ARE EXPECTED TO QUALIFY AS TIER 2 CAPITAL UNDER QATAR CENTRAL BANK REGULATIONS FOR CALCULATION OF SOLVENCY RATIOS OF INSURANCE COMPANIES Source: (bit.ly/3aLnlhs) Further company coverage:

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