Qatar bank Al Khaliji says raises 1 bln riyal capital-boosting bond

March 30, 2016 2:35 PM

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DUBAI, March 30 Al Khalij Commercial Bank said on Wednesday it raised 1 billion riyals ($274.7 million) through the issuance of a capital-boosting bond.

The offering, which is compliant with the Basel III global banking standards and has a perpetual tenor, will boost its Tier 1, or core, capital and will be used to support future growth, the lender said in a statement.

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