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| 25 September, 2018

Qatar's Al Khalij Commercial Bank hires banks before dollar bond issue

Benchmark deals are generally meant to be upwards of $500million.

Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez, Mexico January 15, 2018.

Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez, Mexico January 15, 2018.

REUTERS/Jose Luis Gonzalez

DUBAI- Qatar's Al Khalij Commercial Bank mandated Barclays, QNB Capital, Standard Chartered and Qatar's Commercial Bank to arrange fixed income investor meetings in Asia and Europe, a document issued by one of the banks leading the deal said.

The document seen by Reuters said the Qatari lender, rated A3 by Moody's and A by Fitch, would start meeting investors on Sept. 27, before a potential U.S. dollar-denominated benchmark bond issue.

Benchmark deals are generally meant to be upwards of $500 million.

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(Reporting by Davide Barbuscia Editing by Edmund Blair) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))