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Commercial Bank of Qatar raises$1.6bn bonds

  • Qatar: Thursday, November 12 - 2009 at 10:26

Commercial Bank of Qatar has raised $1.6bn in bonds by selling $1bn in five-year notes yielding 250 basis points over midswaps and $600m in 10-year notes yielding 400 basis points over midswaps, Reuters has reported. The lender, which is rated A- by Standard & Poor's and A by Fitch ratings, has a $380m loan maturing this month, according to financial statements on its website.

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