Qatar National Bank, the Gulf state's largest lender, has printed a CHF300m (US$322.44m) bond, a document from sole bookrunner UBS said on Thursday.
The two-year floating rate note was issued the previous day at a spread of 40 basis points over three-month Swiss franc Libor (London interbank offered rate), the document, seen by IFR Markets, a Thomson Reuters unit, said.
QNB, rated A+ by Standard & Poor's, hopes to complete the purchase of the Egyptian unit of France's Societe Generale in the next two months, despite a currency crisis gripping the north Africa country, its chief financial officer said on Wednesday.
The Qatari bank, 50 percent owned by the gas-rich Gulf state's sovereign wealth fund, the Qatar Investment Authority, issued US$2bn in dollar-denominated bonds in 2012.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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