Qatar National Bank (QNB) is planning to tap global debt markets with a benchmark bond and has picked five banks to arrange investor meetings ahead of a likely offering, the Gulf Arab lender said on Thursday.
QNB, the Gulf state's largest lender, has mandated Barclays Capital, Citigroup, HSBC, Standard Chartered and its own unit, QNB Capital, to manage the roadshows beginning Feb 13, the bank said in a bourse statement.
Earlier this week, Abu Dhabi's Dolphin Energy, majority-owned by investment fund Mubadala issued the first conventional bond from the region. The $1 billion 10-year bond priced at 5.5 percent and attracted orders of about $9 billion.
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