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CBQ’s Turkish subsidiary kicks off European debt securities program

: Sunday, July 13 - 2014 @ 16:50

The QE 20 Index declined by 0.30 per cent to 12,881.70 points on Sunday, July 13. Commercial Bank of Qatar, the second lender in the gas-rich GCC state, lost 0.58 per cent, finishing at QAR68. Earlier in the day, Aternatifbank which is owned 74.25 by CBQ said it has mandated BofA Merrill Lynch and Germany’s Commerzbank to arrange on its behalf a series of investor meetings targeting fixed income investors commencing on July 14 2014. “An inaugural dollar-denominated security offering guaranteed by CBQ and expected to be rated A by Fitch, may follow, subject to market conditions,” said a statement posted on the Qatar Exchange’s website.

Gérard Al-Fil

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Sunday, July 13- 2014 @ 16:50 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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