Doha Bank, Qatar’s third-biggest bank by assets, may raise as much as $1bn by selling bonds in the fourth quarter, its chief executive officer said.
The money is likely to be raised for five years after the summer and is meant to “fix the maturity mismatch” on the bank’s balance sheet, Raghavan Seetharaman said in a phone interview from Doha on Wednesday. The bank has not decided which currency to sell the bonds in, he said.
Doha Bank plans to sell senior bonds in US dollars, the lender told the Qatari bourse on April 19, without disclosing the size of the program.
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