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International Bank of Qatar gears up for US dollar bond issuance

International Bank of Qatar gears up for US dollar bond issuance
Photo credit: Arabianeye - Reuters
International Islamic
QIIK
0.19% 10.45 0.02

Doha – Mubasher: Qatar International Islamic Bank assigned Citi, QNB Capital and Standard Chartered Bank to arrange investor meetings starting from Thursday for a possible issuance of U.S. dollar bond, according to the arrangers.

The benchmark bond issuance comes in the frame of Qatar’s program of issuing medium-term bonds worth two billion dollars, as the benchmark size usually comes at $500 million at least.   

The first meeting scheduled for Thursday in Singapore, the second will be held in Hong Kong tomorrow, followed by two others in United Arab Emirates and London on Sunday and Monday respectively.

The bank posted QAR 4.34 earnings per share in the first nine months of 2015, compared to QAR 4.13 in the same period last year.