Tuesday, 3 November 2009

Commercial Bank of Qatar seeks US buyers for bond

Commercial Bank of Qatar COMB.QA, the Gulf state's third-biggest by market value, will gauge U.S. investor's appetite for a potential bond issue at a roadshow on Wednesday.

"We are going on a roadshow, starting tomorrow in the U.S. followed by Asia, Dubai and Abu Dhabi on Sunday," Finance Director Nicholas Coleman said on Tuesday from Doha.

Gulf issuance of conventional as well as Islamic bonds this year has remained well below 2008 levels, but a growing appetite for emerging market debt has encouraged more bond issuance this quarter.

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