Qatar's Commercial Bank sets spread for its 5-year bonds -document

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

26/03/2024 11:35

March 26 (Reuters) - Qatar-based Commercial Bank
 COMB.QA  has set the spread for its 5-year bond offering,
according to a document seen by Reuters on Tuesday.
    The spread was set at 125 basis points over U.S. Treasuries,
tighter than earlier guidance of 150 bps after the lender
secured more than $1.75 billion in orders, the document said.
    The Qatari lender is planning to sell benchmark-sized, U.S.
dollar denominated senior unsecured bonds, which are expected to
be priced later in the day, the document showed.
    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;))