Doha: Qatar Insurance Company Q.P.S.C. (QIC) announced that it has successfully issued a USD 500 million subordinated perpetual Tier II capital bond with a fixed coupon of 6.15%. The issuance was met with exceptional demand, attracting orders in excess of USD 3 billion, the company said in a statement published on the Qatar Exchange website.

According to Qatar News Agency, the notes are listed on the London Stock Exchange and mark a significant milestone in QIC's ongoing capital optimization strategy. This issuance underscores the depth of international investor confidence in the company's credit quality, resilience, positive profitability outlook, and integral role in Qatar's economic landscape.

Commenting on the transaction, QIC Group CEO Salem Al Mannai emphasized that the landmark issuance reflects the strength of QIC's financial fundamentals and the consistent delivery of strong results. He noted the deep confidence global investors place in the company.

Al Mannai further stated that as the only regional insurer with a proven track record in the international debt capital markets, QIC is proud to reinforce its position as a trusted, forward-looking institution. The overwhelming demand for the bonds is seen as a testament to the resilience of QIC's business model, the strategic progress being made, and the robust macroeconomic environment of the State of Qatar.