Qatar’s Commercial Bank sells $500mln in AT1 bonds – document

Qatar’s Commercial Bank sells $500mln in AT1 bonds – document

Qatar's Commercial Bank sells $500mln in AT1 bonds - document Barclays, Credit Suisse, Deutsche Bank, HSBC, JPMorgan and QNB Capital are arranging the deal    The Qatar Commercial Bank building is seen in DohaDUBAI - Qatar's Commercial Bank launched $500 million in Additional Tier 1 (AT1) bonds at 4.5% on Wednesday after receiving more than $1.1 billion in orders for the debt sale, a document showed.It had given initial price guidance of around 4.75% for the bonds, which are non-callable for five years.Barclays, Credit Suisse, Deutsche Bank, HSBC, JPMorgan and QNB Capital arranged the deal.AT1 bonds, the riskiest debt instruments banks can issue, are designed to be perpetual, but issuers can call them after a specified period.(Reporting by Yousef Saba; Editing by Clarence Fernandez and Louise Heavens) (([email protected]; +971562166204))Zawya Coverageemployment95% of UAE female leaders say more to be done about gender diversity at the topretailDubai's Majid Al Futtaim to push ahead with store openings despite income fallagricultureMENA's imports of French apples up 16% to over 46,000 tonnesreal estate31% of multi-millionaires in Middle East plan to buy new home in 2021equitiesQatari Barwa refinances $157mln facilityMoreReuters CoveragetechnologyMerger of Telecom Italia, Open Fiber networks needs to happen soon - TIM CEObondsAs bond selloff gets