Qatari banks find investor appetite in niche markets

Qatari banks find investor appetite in niche markets:

"Qatari banks are continuing to edge back into the capital markets, with both Qatar National Bank and Commercial Bank of Qatar raising fresh funds on Tuesday.

Banks from the country have tapped niche markets in recent months, refilling coffers in an effort to diversify funding sources amid the embargo imposed on Qatar by other Arab states.

QNB (Aa3/A/A+), the Gulf’s largest bank, has sold nearly US$2.4bn of bonds through private placements this year, and has also raised A$700m (US$563m) in a Kangaroo dual-tranche deal and US$720m through a 30-year note in Taiwan’s Formosa market."



'via Blog this'