Luxembourg stock exchange lists USD 3.5 billion Qatari bond
On 21 July 2010, the Luxembourg Stock Exchange admitted to trading a bond issue, backed by the state of Qatar, for a total amount issued of USD 3.5 billion. Issued by Qatari Diar Finance, the property agency of Qatar’s sovereign wealth fund, this bond was composed of two tranches with respective maturities at 2015 (3.50% coupon) and 2020 (5.00% coupon). Proceeds from the issue will be used to finance real estate projects in Qatar, as part of a shariah-compliant transaction of the murabaha type.
Currently, the Luxembourg Stock Exchange has ten quotation lines for Qatari securities. It has long been active in the listing of international debt securities from countries such as the United Arab Emirates, Kuwait, Bahrain and Saudi Arabia and Malaysia.
About the Luxembourg Stock Exchange
The Luxembourg Stock Exchange began operating as a limited company in 1929, and has since gained extensive experience in listing and trading of securities from many different regions. Today the Luxembourg Stock Exchange has two markets — regulated and Euro MTF — with 29,878 international bond issues representing 42% of total international bonds listed on EU markets. It also lists some 7,229 shares and units of investment funds in around twenty currencies, offering a wide range of investment opportunities, as well as 250 Depositary Receipts of issuers based in emerging markets.
The Exchange’s website at www.bourse.lu provides individual investors access to market information on Luxembourg securities. Additional data are available through the Finesti portal (www.finesti.com), its subsidiary specialising in information for investment funds.