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

Qatar National bank plans to issue a seven-year bond as early as Monday, say banks

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
151.0
0.0 0.0 (%)
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!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Accounting meets religion in challenge for Islamic banks

Accounting meets religion in challenge for Islamic banks

Reconciling accounting standards and religious principles is...

Banking on reforms in Kuwait

Banking on reforms in Kuwait

As Kuwait stares down its first deficit in 20 years, the Gulf...

Saudis face dilemma between size and pricing in debut bond sale

Saudis face dilemma between size and pricing in debut bond sale

Riyadh is under pressure to maximise the size of its international...

Most Discussed
sponsoredTracking