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Qatar's Commercial Bank tightens guidance for 5-yr dollar bonds - document

Tue, 8th Sep 2020 11:26

DUBAI, Sept 8 (Reuters) - Qatar's Commercial Bank
has tightened the price guidance for its five-year U.S.
dollar-denominated bonds to around 190 basis points (bps) over
midswaps, a document showed on Tuesday.

The lender began marketing the bonds at around 215 bps over
midswaps earlier on Tuesday. It has received more than $2.15
billion in orders for the deal, which is expected to close later
on Tuesday, the document from one of the banks arranging the
deal showed.

(Reporting by Yousef Saba
Editing by Gareth Jones)

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