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

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

  
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 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) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))


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