Doha Bank prices $500mln 5-year senior unsecured notes
By Staff Writer
Doha Bank, rated A (Negative) / Baa1 (Stable) (Fitch / Moody’s), has raised $500 million through its latest debt raise, with the five-year Regulation S senior unsecured notes carrying a fixed rate coupon of 6.250%, payable semi-annual in arrears.
The notes carry a yield of 6.313%, at a re-offer price of 99.733 and a spread set at 140 basis points over US Treasuries. IPTs for the offering in the +170 bps area.
At launch, the orderbook was in excess of $1.5 billion, excluding JLM interest.
Doha Finance Limited is issuing the debt, with the Qatar-listed lender named as 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, with the notes maturing on October 28, 2031.
A listing will follow on the London Stock Exchange – International Securities Market.
This is Doha Bank’s first debt outing of the year, with the lender last accessing the market in December 2025 when it raised $150 million from a digital bond, with a two-year tenor, along a raise of QAR 500 million through a sustainable bond with a 4.50% coupon.
(Writing by Bindu Rai, editing by Daniel Luiz)