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.


Market Performance

Qatar National Bank - Qatar
-5.0 -2.35 (%)
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
Finance talk with RAKBANK

Finance talk with RAKBANK

StartUp sat down with RAKBANK’s head of personal banking, Ian...

Tips from the top: Hisham Al Gurg

Tips from the top: Hisham Al Gurg

High profile investor and entrepreneur Hisham Al Gurg discusses...

The hubsters' ecosystem

The hubsters' ecosystem

Tamara Pupic visits Impact Hub Dubai, the first local branch...

Most Discussed