Gulf's largest lender set to issue $500m bond

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Qatar National Bank, the Gulf state's largest lender, plans to issue a seven-year bond of at least $500m, possibly as early as Monday, arranging banks said.

The lender, rated A+ by Fitch Ratings and Standard & Poor's, released initial price guidance in the 3.125 percent area for the senior, unsecured notes.

Deutsche Bank, HSBC Holdings, JP Morgan , Mitsubishi, Standard Chartered and QNB itself were mandated to arrange the deal.

Related:

Market Performance

Qatar National Bank - Qatar
231.6
2.6 1.14 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
The curious case of David Haigh

The curious case of David Haigh

The story of how the former Leeds United boss went from football...

1
How Mashreq hits the sweet spot

How Mashreq hits the sweet spot

Mashreq’s retail operations in a series of Middle Eastern markets...

2
Q&A with Noor Bank

Q&A with Noor Bank

Kazim Ali, head of corporate banking at Noor Bank, discusses...

Most Popular
Most Discussed