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Qatar's Ahli Bank tightens guidance for $500 mln 5-yr bonds - document

Tue, 1st Sep 2020 12:08

DUBAI, Sept 1 (Reuters) - Qatar's Ahli Bank has
revised the price guidance for its $500 million five-year bonds
to around 175 basis points (bps) over midswaps and received over
$1.75 billion in orders for the notes, a document showed on
Tuesday.

It began marketing the bonds at around 190 bps over midswaps
earlier on Tuesday. Barclays, Mizuho Securities, QNB Capital and
Standard Chartered were hired to arrange the debt sale, which is
expected to close later on Tuesday.

(Reporting by Yousef Saba, editing by Louise Heavens)

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