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Report: Al Khalij Commercial Bank issues 1B riyal bond

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Report: Al Khalij Commercial Bank issues 1B riyal bond

Al KhalijCommercial Bank (al khaliji) QSC said March 30 that it issued aBasel III-compliant Tier 1 bond worth 1 billion Qatari riyals, Reuters reportedthe same day.

The issuance of the perpetual notes will help boost thelender's growth plans, the report said.

As of March 29, US$1was equivalent to 3.64 Qatari riyals.