Qatar National Bank Said to Hire Lenders for $1 Billion Bond - Bloomberg

Qatar National Bank Said to Hire Lenders for $1 Billion Bond - Bloomberg:

Qatar National Bank QPSC hired banks to raise at least $1 billion in its first public dollar bond since the start of a regional standoff last year, people familiar with knowledge of the matter said.

The Middle East’s largest lender by assets is working with banks including Bank of America Corp. and Mizuho Financial Group Inc. on the deal that could be announced as early as this week, said the people, asking not to be identified because the talks are private. QNB didn’t respond to an email seeking comment.

QNB has been using different sources of financing such as private placements in various currencies after Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut economic and diplomatic ties with Qatar in June last year, accusing the country of financing terrorist groups and having close ties with Iran. Qatar rejects the charges.