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Wed 11 Nov 2009 12:13 PM

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Qatar Commercial Bank prices $1.6bn in bonds - banker

Sale includes $1bn in five-year notes yielding 250 basis points over midswaps.


Commercial Bank of Qatar

has set final pricing for $1.6 billion in a two-part note sale, a banker familiar with the deal said on Wednesday.

The sale includes $1 billion in five-year notes yielding 250 basis points over midswaps and $600 million in 10-year notes yielding 400 basis points over midswaps, the banker said.

"The coupon is 5 percent on the 5-yr and the 10-yr 7.5 percent coupon," the banker said.

The banker added the five-year notes were six times oversubscribed. The joint lead managers on the offering are Credit Suisse and Morgan Stanley. (Reuters)

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