Qatar-based Commercial Bank, rated A2 by Moody’s, A- by S&P and A by Fitch with stable outlook, issued 3-year, 500-million-riyal ($137 million) bonds with a coupon of 4.90%.

The senior, unsecured bonds were issued under the bank's $5 billion Euro Medium Term Note (EMTN) programme and are listed on the Euronext Dublin.

DBS Bank and Standard Chartered Bank acted as the joint lead managers to the issuances.

(Writing by Brinda Darasha; editing by Seban Scaria)
brinda.darasha@lseg.com