Commercial Bank eyes $500mn bond issue in 2021: Abraham ...Qatar

Commercial Bank is looking to issue a $500mn bond this year, Group CEO Joseph Abraham said yesterday. “We are looking at a five-year bond, at least $500mn, which is the benchmark sum in the international market. In addition to that, we are also exploring additional Tier 1 issuance, which is a sort of capital issuance, again from the international market,” Abraham told Gulf Times yesterday. He said this will be the first time Commercial Bank would be going to the international market for a Tier 1 issuance. That’s different from a senior bond, which is an EMTN issuance. “Both of these we are looking at… as our chief financial officer Rehan Khan mentioned, we believe the markets are very recep

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