Doha – Mubasher: Alternatifbank AS (Abank), a subsidiary to the Commercial Bank of Qatar (CBQ) announced on Wednesday that it successfully issued its first Basel III compliant Tier 2 Eurobond in RegS, with a maturity period of 10 years.
The issuance, non-callable 5 years amounting $300 million, was oversubscribed 4.2 times, according to a bourse filing.
The Turkey-based bank also accepted the resignation of its CEO, Meriç Ulusahin, and appointed the CFO and Deputy CEO, Müge Oner, as an acting CEO.
