Commercial Bank to hold investor meetings ahead of potential bond issue

Commercial Bank of Qatar has mandated Citi, HSBC, Morgan Stanley and National Bank of Abu Dhabi to arrange investor meetings ahead of a potential benchmark dollar bond issue, the Doha-listed lender said yesterday, Reuters reported. The meetings will be held in Asia, the Middle East and Europe from May 30, Commercial Bank said in a bourse statement. This may lead it to issue a benchmark dollar bond as part of its $5bn Euro Medium Term Note (EMTN) programme, it said. Benchmark-sized typically means a bond of at least $500mn.