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Qatar National Bank tightens guidance for 5-year dollar bonds - document

Tue, 19th Jan 2021 11:50

DUBAI, Jan 19 (Reuters) - Qatar National Bank has
tightened its price guidance for five-year U.S.
dollar-denominated bonds to 95-100 basis points (bps) over
mid-swaps from initial guidance of around 120 bps over the same
benchmark, a document showed on Tuesday.

The Gulf's biggest lender received over $2.1 billion in
orders for the deal, which is expected to close later on
Tuesday, the document from one of the banks on the deal showed.

Credit Agricole, HSBC, Mizuho,
QNB Capital and Standard Chartered are arranging the
deal.

(Reporting by Yousef Saba, editing by Louise Heavens)

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