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KCBK’s Eurobonds attract $1.6bn orders

KCBK’s Eurobonds attract $1.6bn orders
The order book oversubscribed more than 3 times, attracting over $1.6 billion
Al Khaliji
KCBK
0.95% 2.24 0.02

Mubasher: Al Khalij Commercial Bank (KCBK) on Wednesday announced that it has successfully priced its benchmark Reg S senior unsecured five-year bonds for $500 million under its EMTN programme. 

 On Tuesday, the bank revealed that it has sold $500 million Eurobond issue.

The order book oversubscribed more than 3 times, attracting over $1.6 billion in orders from both international and local investors, according to the lender’s statement to the Qatar Stock Exchange (QSE).

“The Bonds carry a fixed coupon of 4.75%., with a re-offer yield of 4.822%,” the statement highlighted.

By 11:21 am Qatar time, KCBK’s stock advanced 1.64% at QAR 11.04.