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Qatar National Bank’s bond offering seeks longer-term money: Arab credit

Posted on 15 September 2011

Qatar National Bank SAQ, the Gulf country’s biggest bank by assets, may raise about a $1 billion from a bond sale as it seeks longer-term money to fund growth.
The state-controlled lender said Aug. 29 it set up a $7.5 billion euro medium-term note program and hired Barclays Plc (BARC), HSBC Holdings Plc (HSBA) and QNB Capital to manage the sale. The money raised would be used for “normal operations,” it said……………………………………….Full Article: Source

 
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