October 2, 2018 / 11:46 AM / 13 days ago

Qatar's Al Khalij Commercial Bank selling $500 mln in bonds

DUBAI, Oct 2 (Reuters) - Qatar’s Al Khalij Commercial Bank is selling $500 million in five-year bonds offering 175 basis points over mid-swaps, according to a bank document seen by Reuters.

Orders for the Qatari lender’s debt issue topped $1.4 billion.

The bank, rated A3 by Moody’s and Fitch, has hired Barclays, QNB Capital, Standard Chartered Bank and Qatar’s Commercial Bank to arrange the issue. (Reporting by Davide Barbuscia; writing by Saeed Azhar)

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