Qatar Commercial Bank prices $1.6 bln in bonds -banker

Commercial Bank of Qatar has set final pricing for $1.6 billion in a two-part note sale, a banker familiar with the deal said on Wednesday.

The sale includes $1 billion in five-year notes yielding 250 basis points over midswaps and $600 million in 10-year notes yielding 400 basis points over midswaps, the banker said.

"The coupon is 5 percent on the 5-yr and the 10-yr 7.5 percent coupon," the banker said.

The banker added the five-year notes were six times oversubscribed.

The joint lead managers on the offering are Credit Suisse and Morgan Stanley.END