Ahli Bank Completes a New 5 Year Bond Transaction of US $500 Million

September 22, 2019

Ahli Bank has completed its third bond issuance for US $500 million under its US $1.5 billion EMTN Program in the international debt capital markets.

The five-year bond has been assigned an A2 credit rating with a stable outlook by Moody’s and carries a coupon rate of 3.125% and was significantly oversubscribed by more than 3 times with orders from more than 85 investors in Asia, MENA and Europe.

Ahli Bank’s Chairman, Sheikh Faisal Bin Abdulaziz Bin Jassem Al-Thani said: “We have successfully completed our third tranche in the midst of challenging market conditions, which confirms the trust and confidence of international investors in Qatar and in Ahli Bank’s strong financial position.”

Sheikh Faisal further added: “Ahli Bank’s roadshow covering Asia and Europe was met with a solid reception by investors. We had a great support from our Joint Lead Manager / Bookrunner banks; Al Khaliji Commercial Bank, Barclays Bank, Mizuho Securities, QNB Capital and Standard Chartered Bank. The healthy geographic split of investors resulted in Europe taking a 41% share, Asia 32% share and MENA 27% share.