Ahlibank successfully completes a new 5 year bond transaction raising US$ 500M.
3 September 2020
Doha – 3 September 2020 – Ahli Bank P.Q.S.C. (Ahlibank), rated A2 by Moody’s and A by Fitch, each with a stable outlook, has completed its fourth bond issuance for US$ 500 Million under its US$ 2 Billion EMTN Programme in the international debt capital markets.
The 5 year bond carries a coupon rate of 1.875% and was significantly oversubscribed by more than 3 times with orders from more than 122 investors in Europe, Asia, UK and MENA.
Ahlibank’s CEO, Hassan Ahmed AlEfrangi stated: "We are proud to see the outcome of our fourth bond issuance, which demonstrates the international investor community’s trust and confidence in Qatar and in Ahlibank’s financial position. This will have a positive impact on the Bank’s operations and financial results.”
Mr. AlEfrangi added: “Ahlibank has created a successful benchmark in the international debt capital markets with the support from our Joint Bookrunner banks; Barclays, Mizuho Securities, QNB Capital and Standard Chartered Bank.
Our fourth bond issuance was met with high-quality and strong investor support resulting in a healthy geographic split of investors from Europe taking a 34% share, Asia 32% share, UK 24% share and MENA 10% share. I would like to thank our international investors for their continued trust in Qatar and Ahlibank and our Joint Bookrunners for the successful execution of this transaction.