* CEO: We are proud to see the outcome of our fourth bond issuance, which demonstrates the international investor community’s trust and confidence in Qatar and in Ahlibank’s financial position
Ahlibank, rated A2 by Moody’s and A by Fitch, each with a stable outlook, has completed its fourth bond issuance for $500mn under its $2bn EMTN Programme in the international debt capital markets.
The five-year bond carries a coupon rate of 1.875% and was significantly oversubscribed by more than three times with orders from some 122 investors in Europe, Asia, UK and Mena.
Ahlibank CEO, Hassan Ahmed AlEfrangi stated, "We are proud to see the outcome of our fourth bond issuance, which demonstrates the international investor community’s trust and confidence in Qatar and in Ahlibank’s financial position. This will have a positive impact on the bank’s operations and financial results.
AlEfrangi added: “Ahlibank has created a successful benchmark in the international debt capital markets with the support from our Joint Bookrunner banks — Barclays, Mizuho Securities, QNB Capital and Standard Chartered Bank.
“Our fourth bond issuance was met with high-quality and strong investor support resulting in a healthy geographic split of investors from Europe taking a 34% share, Asia 32% share, UK 24% share and Mena 10% share. I would like to thank our international investors for their continued trust in Qatar and Ahlibank and our Joint Bookrunners for the successful execution of this transaction.”