Doha Bank CEO Says in Talks With Foreign Lenders to Raise Debt - Bloomberg

Doha Bank CEO Says in Talks With Foreign Lenders to Raise Debt - Bloomberg:

"Doha Bank QSC is talking to foreign lenders about the possibility of raising long-term funding either through a private placement or public debt sale, according to Chief Executive Officer Raghavan Seetharaman. The bank plans to raise debt after completing a 1.3 billion riyal ($352.9 million) rights offer earlier this year, Seetharaman said in an interview with Bloomberg TV on Monday, without disclosing how much more it could raise. “We have a strong base of cross-border liquidity support, but at the same time, it’s better to have diversity,” he said. “We have a strong base of funds in Asia, and are exploring possibilities in Europe as well.” The bank may sell senior or subordinated debt, he said."



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