Doha 05,Dec 2012. QNB, the leading financial institution in Qatar and in the MENA region, is to be the first Qatari bank to launch a Debt (Bond) Fund.
The unique features of the QNB Debt Fund provide an attractive platform for clients to invest in debt securities which are issued by GCC-based sovereign and corporate entities. Amid often- challenging global market conditions, GCC bonds offer a combination of attractive rates of return (and superior levels of underlying credit risk) which is not generally available elsewhere.
The QNB Debt Fund is suitable for investors who are seeking an enhancement to the returns which they would otherwise receive via deposits. As such, it is likely to be appropriate both for individual and corporate/institutional investors. This innovative product is yet another example of QNB’s determination to remain the partner institution of choice.
QNB aims to make the appeal of the Debt Fund as broad as possible. To achieve this, it is offering a unique opportunity to subscribe to the Fund, with no monthly subscription or redemption fees. The Fund will be denominated in Qatari Riyals with a minimum investment requirement of QR 20,000. Further investment thereafter will be in multiples of QR 10,000.
QNB is the first bank to launch a Debt Fund subject to the regulatory authority of the Qatar Central Bank (‘QCB’).
Those looking to invest in the QNB Debt Fund are requested either to visit QNB’s website, www.qnb.com.qaor to request further details from their nearest QNB branch.