Qatar's Commercial Bank launches $750 mln in 5-year bonds - document

The Commercial Bank (P.S.Q.C.)

26/03/2024 12:55

March 26 (Reuters) - Qatar-based Commercial Bank
 COMB.QA  has launched $750 million in U.S. dollar denominated
bonds maturing in 2029, an arranging bank document showed on
Tuesday.
    The spread was set at 125 basis points over U.S. Treasuries,
tighter than earlier guidance of 150 bps, the document said.
    The lender received $1.80 billion in orders for the bond
sale, which is expected to be priced later in the day, the
document added.
    BofA Securities, Emirates NBD Capital, HSBC, Mashreq, MUFG
And Standard Chartered Bank were working on the deal as joint
lead managers and joint bookrunners, the document said.
    Earlier this month, Doha Bank  DOBK.QA , majority owned by
the Qatar Investment Authority, raised $500 million from a
5-year bond sale.

 (Reporting by Mohammad Edrees)
 ((Mohammad.Edrees@thomsonreuters.com;))