Middle East Economic Survey

VOL. LIV

No 1-2

3/10-Jan-2011

QATAR

Doha Bank To Issue Bonds Worth $500Mn

Doha Bank, the third largest bank in Qatar, plans to issue $500mn in senior debt bonds through its fully-owned Bermuda-based subsidiary in the first quarter of 2011, it announced on 26 December. The Bermuda-based special purpose vehicle has been incorporated to support the banks capital raising activities. The bonds and other market instruments will be guaranteed by Doha Bank. The banks...