Ahli Bank (Ahlibank), rated A2 by Moody’s and A by Fitch, each with a stable outlook, has completed its fourth bond issuance for $500m under its $2bn EMTN Programme in the international debt capital markets.
The 5-year bond carries a coupon rate of 1.875 percent and was significantly oversubscribed by more than 3 times with orders from more than 122 investors in Europe, Asia, UK and MENA.
Ahlibank’s CEO, Hassan Ahmed AlEfrangi, said: “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.”
He added that Ahlibank has created a successful benchmark in the international debt capital markets with the support from its 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 percent share, Asia with 32 percent share, UK with 24 percent share and MENA with 10 percent 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,” AlEfrangi added in a statement.
