#Qatar's Ahli Bank raises $500mln through new 5-year bond | ZAWYA MENA Edition

Qatar's Ahli Bank raises $500mln through new 5-year bond | ZAWYA MENA Edition:

Qatar’s Ahli Bank has completed a new 5-year bond transaction, raising $500 million in the third bond issuance under its $1.5 billion Euro Medium Term Note (EMTN) Programme.

The 5 year bond has been assigned A2 credit rating with a stable outlook by Moody’s and carries a coupon rate of 3.125 percent and was oversubscribed by more than 3 times with orders from more than 85 investors in Asia, MENA and Europe, the bank said in a statement to the Qatari bourse.

The bank had reported a 1.73 percent rise in H1 2019 net profit to 359.3 million riyals, compared to 353.2 million riyals in H1 2018.