Doha Bank said yesterday it would seek shareholder approval to raise funds through up to $5bn worth of short term instruments.
The lender is asking for approval to issue up to $3bn through certificate of deposits (CDs), it said in a bourse statement.
The bank also said in the statement it would ask for shareholder approval to issue euro commercial paper worth $2bn, with a maximum tenor of up to 1 year.
Both the instruments can be issued in Qatari riyals or in various major currencies. The duration of the CDs was not mentioned by the lender.
Doha Bank is asking for approval to issue up to $3bn through certificate of deposits (CDs), the lender said in a bourse statement.