Doha Bank mandates USD 5-year notes, issues IPTs
By Staff Writer
Doha Bank, rated A (Negative) / Baa1 (Stable) (Fitch / Moody’s), is marketing a benchmark-sized dollar debt issuance, with IPTs for the five-year Regulation S senior unsecured notes in the area of 170 basis points over US Treasuries.
Doha Finance Limited is issuing the debt, with the Qatari-lender listed as the guarantor. The expected issue rating is A / Baa1 (Fitch / Moody’s).
Bank ABC, Barclays, BBVA, Deutsche Bank, Emirates NBD Capital, Goldman Sachs International, HSBC, Kamco Invest, KGI Asia, Mashreq, QNB Capital and Standard Chartered Bank are the mandated joint lead managers and bookrunners. Standard Chartered Bank is the billing and delivery bank.
The issuance will come under Doha Bank’s $4.25 billion Euro Medium Term Note Programme.
The notes are set to be priced today, with a settlement date of October 28.
A listing will follow on the London Stock Exchange – International Securities Market.
FCA / ICMA stabilisation applies
(Writing by Bindu Rai, editing by Seban Scaria)