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QNB raised $1bn to boost lending, expansion
- Qatar: Thursday, November 08 - 2012 at 10:17
Qatar National Bank (QNB) has raised $1bn from a bond sale, as the lender seeks to buy Societe Generale's stake in its Egyptian unit and boosts domestic lending, Bloomberg has reported, citing a person familiar with the transaction. Order books reached $3bn ahead of the launch, and that final pricing and allocations were due later, according to sources. HSBC Holdings, Deutsche Bank, Mitsubishi UFJ Securities, Standard Chartered and QNB Capital arranged the transaction under the bank's euro medium-term note programme.
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