REG - Commercial Bk Qatar - CB subsidiary(ABank)completed T2 Eurobond Issuance <Origin Href="QuoteRef">COMB.QA</Origin>

Commercial Bank PSQCAnnouncement

27/04/2016 10:20

RNS Number : 5019W
Commercial Bank of Qatar (Q.S.C.)
27 April 2016
Commercial Bank
Press release
26 April 2016, Doha, Qatar: The Commercial Bank's (Q.S.C.) ("Commercial Bank" or "the Bank") subsidiary in Turkey Alternatifbank ("ABank") successfully completed its first Basel III compliant Tier 2 Eurobond issuance in RegS only format for 10 years maturity non-callable 5 years amounting USD 300 million. The issuance was oversubscribed 4.2 times.
In addition, Commercial Bank confirmsthat Alternatifbank ("ABank") accepted the resignation of the CEO Mrs. Meri Ulusahin and the appointment of ABank CFO and Deputy CEO Mrs. Mge Oner to take over her role and responsibilities with immediate effect in her capacity as Acting CEO.

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