Connect with us

Investing

Ahlibank successfully completes a new 5 year bond transaction raising US$ 500M

Ahlibank successfully completes a new 5 year bond transactionraising US$ 500M.

Ahli Bank P.Q.S.C. (Ahlibank), rated A2 by Moody’s and A by Fitch, has completed its third bond issuance for US$ 500 Million under its US$ 1.5 Billion EMTN Programme in the international debt capital markets.

Sheikh Faisal Bin AbdulAziz Bin Jassem Al-Thani, Chairman and Managing Director, Ahli Bank P.Q.S.C.

Sheikh Faisal Bin AbdulAziz Bin Jassem Al-Thani, Chairman and Managing Director, Ahli Bank P.Q.S.C.

The 5 year bond has been assigned an A2 credit rating with a stable outlook by Moody’s and carries a coupon rate of 3.125% and was significantly oversubscribed by more than 3 times with orders from more than 85 investors in Asia, MENA and Europe.

Ahlibank’s Chairman, Sheikh Faisal Bin Abdul Aziz Bin Jassem Al-Thani stated: “We have successfully completed our third tranche in the midst of challenging market conditions, which confirms the trust and confidence of international investors in Qatar and in Ahlibank’s strong financial position.”

Sheikh Faisal further added: “Ahlibank’s roadshow covering Asia and Europe was met with a solid reception by investors. We had a great support from our Joint Lead Manager / Bookrunner banks; Al Khaliji Commercial Bank, Barclays Bank, Mizuho Securities, QNB Capital and Standard Chartered Bank. The healthy geographic split of investors resulted in Europe taking a 41% share, Asia 32% share and MENA 27% share.

About Ahlibank

Ahli Bank P.Q.S.C. (Ahlibank) is a Qatari-owned financial institution that serves individual consumers, small businesses and corporate customers with a range of Corporate Banking, Retail & Private Banking, International Banking, Treasury & Investments and Brokerage Services. Ahlibank aims to deliver unmatched convenience and personal, simple banking experiences that highlight its tagline, “With You”.

Founded in 1983, Ahlibank has grown its client base rapidly, and boasts an integrated network of 14 branches and 71 ATMS in Qatar.

In 2019, Ahlibank was named the winner of the Global Banking & Finance Review Awards 2019 for “Fastest Growing Treasury Bank Qatar 2019”.

More information can be found on the Bank’s website www.ahlibank.com.qa

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Recommended

Newsletters with Secrets & Analysis. Subscribe Now