News Column

CBQ launches $750m bond at tight pricing

June 18, 2014

Commercial Bank of Qatar (CBQ) has launched a $750 million, five-year bond offer with its price was due to announce later on Tuesday.

Investors expect pricing at the tight end of guidance because of strong investor demand.

The transaction is set to price at a spread of 117 basis points (bps) over mid-swaps, a document from lead managers said, at the tight end of a revised range of 117-120bps over the same benchmark given earlier on Tuesday.

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Source: Khaleej Times (United Arab Emirates)

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