UPDATE 2- #Qatar National Bank raises $1 billion in seven-year bonds - Reuters

UPDATE 2-Qatar National Bank raises $1 billion in seven-year bonds - Reuters:

Qatar National Bank (QNB), the Gulf’s biggest bank by assets, raised $1 billion in seven-year bonds offering a 2.75% coupon, a document showed on Wednesday. 


Barclays, Credit Agricole, Mizuho, QNB Capital and Standard Chartered arranged the deal.

QNB Finance is the issuer and Qatar National Bank is the guarantor for the debt sale, which attracted more than $3 billion in orders.

The bonds were marketed with an initial price guidance of around 155 basis points (bps) over mid-swaps but were priced with a final spread of 128 bps over the benchmark.