Qatar's Doha Bank eyes 5-yr dollar bond - sources

No indication of the size of the issue, likely to be determined by demand
Qatar's Doha Bank eyes 5-yr dollar bond - sources
There was no indication of the size of the issue, likely to be determined by demand.
By Reuters
Wed 07 Mar 2012 04:08 PM

Qatar's Doha Bank plans to issue a five-year dollar-denominated bond on Wednesday, three sources familiar with the matter said.

Early price guidance on the bond was seen at 287.5 basis points over midswaps, the sources said.

Morgan Stanley and JP Morgan are mandated lead arrangers on the transaction. Roadshows concluded in Switzerland on Tuesday.

There was no indication of the size of the issue, likely to be determined by demand.

Doha Bank will the second Qatari lender to tap global debt markets this year after Qatar National Bank issued a US$1bn bond in February.

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