Doha Bank eyes 5-year dollar bond
Doha, March 7, 2012
Qatar's Doha Bank plans to issue a five-year dollar-denominated bond on Wednesday, three sources familiar with the matter said.
Early price guidance on the bond was seen at 287.5 basis points over midswaps, the sources said.
Morgan Stanley and JP Morgan are mandated lead arrangers on the transaction. Roadshows concluded in Switzerland on Tuesday. There was no indication of the size of the issue, likely to be determined by demand.
Doha Bank will the second Qatari lender to tap global debt markets this year after Qatar National Bank issued a $1 billion bond in February.-Reuters