Arab Today, arab today doha bank’s 500m bond issue oversubscribed
Last Updated : GMT 09:42:59
Arab Today, arab today
Arab Today, arab today

Doha Bank’s $500m bond issue oversubscribed

Arab Today, arab today

Arab Today, arab today Doha Bank’s $500m bond issue oversubscribed

Dubai - Arabstoday

Doha Bank, a leading private commercial bank in the GCC, has announced that its $500million senior bond issue was oversubscribed by nearly eight times. Sheikh Fahad Bin Mohammed Bin Jabor Al-Thani, the Chairman of Doha Bank, said: “We have successfully completed the Senior bond issue of $500 million under Doha Bank’s Euro Medium Term Note Programme (EMTN) of $2 billion through arrangers Morgan Stanley and J P Morgan.” He added: “The Bond is listed on London Stock Exchange. The proceeds will be used for general funding purposes required to support the bank’s growth plans.” Sheikh Abdul Rehman Bin Mohammad Bin Jabor Al-Thani, Managing Director of Doha Bank said: “The issue generated an overwhelming response from investors in Asia, the Middle East and Europe resulting in oversubscription of the bond by nearly 8 times. It shows the exceptionally high profile of Qatar and Doha Bank in the global market space.” R Seetharaman, CEO of Doha Bank Group, said “The Senior 5-year bond carries a coupon of 3.5 per cent and was issued at a spread of 262.5 basis points over Mid Swaps. This landmark deal is a follow up issue from Doha Bank’s previous debut subordinated bond issue of $340 million in 2006.” He added: “Doha Bank’s successful bond issue follows perfectly executed road shows in major financial centers in Asia, the Middle East and Europe including Singapore, Hong Kong, Dubai, London, Zurich and Geneva. Leading investors comprising of banks, investment funds and other financial institutions invested in Doha Bank’s bond. We received over 250 orders from institutions globally which speaks volumes on the faith of global investors in the bank’s strong performance in recent years, its strategy, franchise and leading market position along with the impressive economic growth in Qatar”. Doha Bank is the third largest conventional Bank in Qatar.  Total assets of the bank as of December 31, 2011, were QR 52.4 billion and total shareholders’ equity for the same period was QR 7.1 billion with a net profit of QR 1.24 billion.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today doha bank’s 500m bond issue oversubscribed Arab Today, arab today doha bank’s 500m bond issue oversubscribed

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today doha bank’s 500m bond issue oversubscribed Arab Today, arab today doha bank’s 500m bond issue oversubscribed

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday