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Qatar’s Ahli Bank, rated A (Stable) by Fitch and A2 (Stable) by Moody’s, has launched its inaugural corporate bond on the Qatar Stock Exchange (QSE), with a 500-million-riyal ($137 million) QAR-denominated three-year note at 4.45%.
The listing marks the first corporate bond issuance to be listed and traded on the QSE.
The Reg S senior unsecured bond comes under Ahli Bank’s $2 billion Euro Medium Term Note Programme.
Standard Chartered Bank is the bookrunner and the lead manager on the offering.
(Writing by Bindu Rai, editing by Seban Scaria)
