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Qatar Diar prepares $3.5bn bond for property market
- Qatar: Wednesday, June 16 - 2010 at 10:04
Qatari Diar is preparing a $3.5bn bond as part of efforts to lead a restructuring of the country's real estate market, Reuters has reported.. The issue will have five and 10-year maturities, the source said. Diar holds a 45% stake in Barwa Real Estate, the sixth-largest developer in the Gulf region by market value, which is taking over rival Alaqaria in a government-ordered deal. Barwa also plans to sell assets through 2010 and 2011 to meet its obligations.
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