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Qatari Diar Readies $3.5 Billion Bond Issue

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Sidenote: More Sovereign Entities are raising debt capital, leverage:  We have seen this also with Mubadala, Temasek, and many other Gulf Sovereign Vehicles.

Qatari Diar, a property arm of Qatar’s sovereign wealth fund, will issue a $3.5 billion bond denominated in dollars in the coming weeks with five and 10-year maturities, a source close to the matter said on Tuesday. The issue will come through a syndicate of local and international banks including HSBC, Barclays Capital, Standard Chartered and QNB Capital, the investment banking unit of Qatar National Bank, the source said.

Qatari Diar, which counts London’s Chelsea Barracks among its most high-profile overseas assets, holds a 45 percent stake in Qatar’s Barwa Real Estate company.

Qatar issued 10 billion riyals ($2.75 billion) worth of eight-year conventional and Islamic bonds with a coupon of 6.5 percent to local banks earlier in June.

Read more: Reuters

Blackstone Defeated on Investa Office Fund Bid

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The Blackstone Group threw in the towel on a bid to take over the Investa Office Fund, a vehicle that owns prized Australian office properties. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Temasek’s Bond Expected to Lure Retail Investors

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Singapore’s Temasek Holdings, through its subsidiary Temasek Financial (IV) Private Limited, is planning a 5-year bond that aims to yield 2.7% for retail investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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QIA Becomes the Largest Shareholder in Colonial

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The Qatar Investment Authority (QIA) became the biggest shareholder of Inmobiliaria Colonial, SOCIMI, S.A. (Colonial), a Spanish listed real estate company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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