Middle East Economic Survey
Debut QNB Dollar Bond Almost Four Times Oversubscribed
The debut dollar bond to be issued by Qatar National Bank (QNB) was almost four times oversubscribed, the bank announced on 10 November. The $1.5bn issue, with a five-year maturity and a coupon rate of 3.125%, attracted strong interest totaling $6bn from almost 200 investors worldwide, QNB said. The senior unsecured notes had been rated Aa3 by Moodys Investors Service, the...