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Published on 10/1/2009 in the Prospect News Emerging Markets Daily.

Qatar's Doha Bank buys back another $700,000 of floaters due 2016

By Angela McDaniels

Tacoma, Wash., Oct. 1 - Doha Bank QSC repurchased $700,000 of its floating-rate notes due 2016 on Sept. 29, according to a bank news release.

Following the purchase, $228.7 million principal amount of notes remains outstanding.

As previously reported, the bank repurchased $14.5 million of the notes on June 11, $50 million on June 15, $4.5 million on June 29 and $2 million on Aug. 12

The private commercial bank is located in Qatar.


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