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Sunday, 19 March 2017

Commercial Bank of Qatar considers international bond issue – sources | Reuters

Commercial Bank of Qatar considers international bond issue – sources | Reuters:

"Commercial Bank of Qatar (CBQ) is in talks with banks about a potential international bond issue that will most likely be denominated in U.S. dollars, sources familiar with the matter said on Sunday.

If the deal goes ahead, CBQ would join a growing number of banks from the region tapping the international debt markets this year with the aim of improving capital reserves and boosting capital ratios to counter the impact of lower international oil prices.

CBQ, the Gulf Arab state's third-largest bank by assets, is looking at a benchmark-sized transaction, which conventionally means upwards of $500 million, the sources said."



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