Qatar-based Commercial Bank (COMB.QA), opens new tab has set the spread for its 5-year bond offering, according to a document seen by Reuters on Tuesday.
The spread was set at 125 basis points over U.S. Treasuries, tighter than earlier guidance of 150 bps after the lender secured more than $1.75 billion in orders, the document said.
The Qatari lender is planning to sell benchmark-sized, U.S. dollar denominated senior unsecured bonds, which are expected to be priced later in the day, the document showed.
Earlier this month, Doha Bank (DOBK.QA), opens new tab, majority owned by the Qatar Investment Authority, raised $500 million from a 5-year bond sale.
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