Mubasher: Al Khalij Commercial Bank (KCBK) on Wednesday announced that it has successfully priced its benchmark Reg S senior unsecured five-year bonds for $500 million under its EMTN programme.
On Tuesday, the bank revealed that it has sold $500 million Eurobond issue.
The order book oversubscribed more than 3 times, attracting over $1.6 billion in orders from both international and local investors, according to the lender’s statement to the Qatar Stock Exchange (QSE).
“The Bonds carry a fixed coupon of 4.75%., with a re-offer yield of 4.822%,” the statement highlighted.
By 11:21 am Qatar time, KCBK’s stock advanced 1.64% at QAR 11.04.
