Mubasher: Qatar National Bank (QNB) on Thursday announced the appointment of seven banks as joint lead managers for its dollar-denominated bond issue as part of its medium-term note programme.

The mandated banks include ANZ, Barclays Bank, Credit Agricole, Deutsche Bank, ING, QNB Capital, and Standard Chartered Bank, according to QNB’s statement to the Qatar Stock Exchange (QSE).

On 6 March, the largest financial institution in the Middle East and Africa announced closing EUR 2 billion ($2.26 billion) three-year senior unsecured term loan facility.

For the full-year 2018, the Qatari lender’s profits rose 5.3% to QAR 13.8 billion, compared to QAR 13.1 billion a year earlier.

By 11:05 am Qatar time, QNB’s stock fell 0.83% to QAR 178.50.