Commercial Bank issues bonds worth QR500 million, marking a major milestone in Qatar’s financial market. The bank, rated A2 by Moody’s, A- by S&P, and A by Fitch with a stable outlook, completed this transaction with a three-year tenor and a 4.90% coupon. When Commercial Bank issues bonds, it reflects strong financial strategies.
Issued under the bank’s Euro Medium Term Note (EMTN) program, the bonds are listed on Euronext Dublin. This move highlights the bank’s strength in attracting local and international investors while underlining the resilience of Qatar’s economy. The bonds issued by Commercial Bank also illustrate their strategic planning.
As the largest local currency bond issuance by a financial institution in Qatar, this achievement confirms Commercial Bank’s leadership in both domestic and international capital markets. DBS Bank and Standard Chartered Bank served as Joint Lead Managers, contributing their expertise to ensure the success of this placement.
Joseph Abraham, Group Chief Executive Officer of Commercial Bank, expressed pride in reaching this significant milestone. He noted that the bond issuance demonstrates the bank’s commitment to introducing new financial instruments for institutional and retail investors. Additionally, the strong investor response reflects deep confidence in the bank and the State of Qatar.
Abraham also emphasized that the bank’s high credit ratings highlight its proactive risk management and solid liquidity. Both factors are essential to achieving the strategic corporate vision.
This issuance supports the bank’s goal of diversifying funding sources and strengthening its capital base. When the Commercial Bank issues bonds, it aligns with efforts to ensure sustainable growth and meet future market demands.
The successful placement signals strong investor appetite for high-quality Qatari assets. As a result, it serves as a positive indicator of the health and stability of the country’s financial sector.
Continuing to innovate in Qatar’s banking industry, Commercial Bank remains focused on delivering value and maintaining market trust. By completing this record-breaking bond issuance, the bank has demonstrated its ongoing commitment to supporting Qatar’s economic development. Indeed, whenever Commercial Bank issues bonds, it strengthens confidence in the economic landscape.
