Mubasher: Commercial Bank of Qatar (CBQ), listed on the Qatar Stock Exchange (QSE), will issue bonds at a combined value of $1 billion in the coming period.

Qatar's third-largest bank by assets aims at issuing the debt notes at the international markets, chief among them are Asia and Australia, according to the bank’s statement.

The QSE-listed lender is working on selling Formosa bonds in Taiwan at an amount ranges between $250 million and $300 million, Parvez Khan, CBQ's general manager of investments and strategies, noted.

As for Australia, the bank studies issuing bonds with a total value of $200 million by May 2018, in addition to a $500 million possible bond issuance in global markets after the end of Islam's holy month of Ramadan, as part of its medium-term bond programme.

CBQ’s profits hiked 20.6% year-on-year to QAR 603.65 million for the year ended 31 December 2017.

By the end of Wednesday’s session, CBQ’s stock rose 1.10% at QAR 31.34.