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24 April 2013 11:24 am

Gulf's largest lender set to issue $500m bond

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Qatar National Bank, the Gulf state's largest lender, plans to issue a seven-year bond of at least $500m, possibly as early as Monday, arranging banks said. The lender, rated A+ by Fitch Ratings and Standard & Poor's, released initial price guidance in the 3.125 percent area for the senior, unsecured notes. Deutsche Bank, HSBC Holdings, JP Morgan , Mitsubishi, Standard Chartered and QNB itself were mandated to arrange the deal. Source: Arabian Business