Qatar Insurance Company Q.P.S.C. (QIC), one of the region’s leading insurers, has successfully completed a major capital market transaction with the issuance of a USD 500 million subordinated perpetual Tier II bond, carrying a fixed coupon of 6.15%.
The offering was met with overwhelming demand, attracting orders of over USD 3 billion—more than six times the issuance size—underscoring strong international investor confidence in QIC’s financial strength and long-term outlook. The notes are listed on the London Stock Exchange.
In a statement published on the Qatar Exchange website, the company described the transaction as a significant milestone in its capital optimization strategy, aimed at enhancing financial flexibility and supporting future growth initiatives.
“This landmark issuance reflects the strength of QIC’s financial fundamentals, our consistent delivery of strong results, and the deep confidence global investors place in us,” said Salem Al Mannai, Group CEO of QIC.
He noted that QIC remains the only regional insurer with a demonstrated track record in the international debt capital markets. “We are proud to reinforce our position as a trusted, forward-looking institution. The overwhelming demand for our bonds is a clear testament to the resilience of our business model, the strategic progress we continue to make, and the robust macroeconomic environment of the State of Qatar,” Al Mannai added.
The successful issuance comes at a time of growing investor appetite for high-quality credit instruments in emerging markets. Analysts say QIC’s strong financial performance, solid credit ratings, and strategic importance to Qatar’s economic ecosystem have helped the firm stand out among its regional peers.
The bond, which qualifies as Tier II capital under regulatory frameworks, will strengthen QIC’s capital base while supporting its growth in domestic and international markets. The perpetual nature of the bond gives the company flexibility, while the fixed 6.15% coupon offers a competitive yield for investors.
QIC’s move aligns with Qatar’s broader financial sector development strategy, which encourages local institutions to tap into global capital markets to fuel innovation, resilience, and long-term expansion.
With this transaction, QIC not only boosts its capital adequacy but also reinforces its reputation as a stable, well-managed company able to attract strong investor backing even amid complex global financial conditions.
