Doha Bank Successfully Issues $ 500 Million Bonds

Doha, February 27 (QNA) - Doha Bank successfully issued a $ 500 million international bond with a tenor of 5 years and a coupon rate of 5.25% per annum, which will mature March 5, 2030.

The Reg S transaction, under the Bank’s Euro Medium Term Note Programme, was met with exceptional demand from international and regional investors. The order book was almost 5 times oversubscribed. This reflects the investors’ trust in Doha Bank’s strategy over the coming years, a statement issued by the bank said.

The issue was arranged and offered through a syndicate of Joint Lead Managers that included ANZ, Deutsche Bank, Emirates NBD Capital, HSBC, Kamco Invest, Mashreq, MUFG, QNB Capital and Standard Chartered Bank, as well as, Co-Managers, Industrial Commercial Bank of China (QFC Branch) and the Commercial Bank of Qatar. (QNA)