Commercial Bank picks lenders for bond sale: report

May 14, 2014 2:19 am

Qatar’s second-largest lender by assets, Commercial Bank has hired banks to help arrange a potential dollar-denominated bond sale, Gulf Times has reported, citing three people with knowledge of the matter. Commercial Bank, which agreed to buy Turkish lender Alternatifbank last year, named Bank of America Corp, Morgan Stanley and HSBC Holdings for a possible sale within the next month, the people said. The lender is seeking to raise at least $500m, according to two of the people.