UPDATE 1-Qatar's Commercial Bank expects to issue $500 mln bonds-CEO - Reuters:
Qatar’s Commercial Bank expects to issue bonds worth $500 million in the first or second quarter of 2020, Chief Executive Joseph Abraham said on Sunday.
Qatari banks, traditionally reliant on foreign funding, have sought to tap a greater variety of investors after Qatar became locked in a diplomatic dispute with Saudi Arabia, the United Arab Emirates, Egypt and Bahrain in mid-2017.
“I think it’s a good time (to sell bonds) because the interest rates have gone down and there is good appetite for Qatar,” Abraham told Reuters on the sidelines of a conference in Doha.
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