Shareholders of Commercial Bank of Qatar approve $5bn MTN program
Shareholders of Commercial Bank of Qatar approved new bond program, worth $5bn, reports MENAFN – Arab News. The approval of the Euro medium term notes program gives the bank an option to tap international debt markets in case of need.
CBQ has three outstanding eurobond issues, according to Cbonds database. Two issues in US dollars worth 1bn and 600mn and maturing in 2014 and 2019 respectively and one in CHF, worth 275mn and due in 2015.
Issuer profile:
The Commercial Bank of Qatar was established in 1975 as the first wholly owned private commercial bank in Qatar. Initially capitalised at QR 10 million it has grown and prospered over the years to become an important regional Bank with capital and reserves of over QR 3.50 billion and a total assets book of QR 25.0 billion as at 30.06.2006. It has been profitable in every year since its foundation and has paid dividends annually. The Bank offers a comprehensive range of Corporate, Retail and Investment services through a network of 22 branches, sales offices/pavilions, 135 ATM's, 26 Deposit Machines, Internet Home Banking and the largest EFTPOS network in the country. The Bank has played an active role in support of Government strategy for the industrial development of Qatar. It has participated in the finance of all major projects to this time.
Outstanding issues:
1 issue(s) outstanding worth CHF 275 000 000
2 issue(s) outstanding worth USD 1 600 000 000
Shareholders of Commercial Bank of Qatar approved new bond program, worth $5bn, reports MENAFN – Arab News. The approval of the Euro medium term notes program gives the bank an option to tap international debt markets in case of need.
CBQ has three outstanding eurobond issues, according to Cbonds database. Two issues in US dollars worth 1bn and 600mn and maturing in 2014 and 2019 respectively and one in CHF, worth 275mn and due in 2015.
Issuer profile:
The Commercial Bank of Qatar was established in 1975 as the first wholly owned private commercial bank in Qatar. Initially capitalised at QR 10 million it has grown and prospered over the years to become an important regional Bank with capital and reserves of over QR 3.50 billion and a total assets book of QR 25.0 billion as at 30.06.2006. It has been profitable in every year since its foundation and has paid dividends annually. The Bank offers a comprehensive range of Corporate, Retail and Investment services through a network of 22 branches, sales offices/pavilions, 135 ATM's, 26 Deposit Machines, Internet Home Banking and the largest EFTPOS network in the country. The Bank has played an active role in support of Government strategy for the industrial development of Qatar. It has participated in the finance of all major projects to this time.
Outstanding issues:
1 issue(s) outstanding worth CHF 275 000 000
2 issue(s) outstanding worth USD 1 600 000 000
