Ahli Bank Completes New 5-Year Bond Transaction Raising $ 500m

February 26, 2017

Ahli Bank announces the completion of a further US$ 500 Million fundraising under its US$ 1.5 Billion EMTN Programme in the international debt capital markets. 

The 5 year bond carries a coupon rate of 3.50% and was significantly oversubscribed despite challenging financial markets and increased market supply. 

This new bond issue has been assigned an A2 credit rating with a stable outlook by Moody’s.

Chairman and Managing Director, Sheikh Faisal Bin AbdulAziz Bin Jassem Al-Thani stated: "We are delighted to have successfully completed our second fundraising, which we see as a continued international vote of confidence in both Qatar and our Bank, by a range of institutional investors in the Middle East, Asia and Europe. Over 170 leading institutions participated in the fundraising which was 4 times oversubscribed. We had great support from our Joint Lead Manager / Bookrunner banks namely Bank ABC, Barclays, HSBC, Mizuho, QNB Capital and Standard Chartered Bank.”

Mr. Salah Murad, Chief Executive Officer, commented: “The response to our fundraising after a highly successful roadshow in the Middle East, Asia and Europe has been overwhelming and we have met our objective to diversify our funding base and increase our visibility in these regions. The healthy geographic split of investors resulted in the Middle East taking a 34% share, Asia 33%, Europe 31% and others 2%. We have further improved the stability of our funding structure as well as positioning ourselves with both Basel III requirements and equipping our Bank with the necessary tools to achieve controlled growth.”