New Issue: Ahli Bank Qatar prices $500 million 3 5/8% notes due 2021 at 260 bps spread

By Christine Van Dusen

Atlanta, April 7 – Qatar’s Ahli Bank QSC priced a $500 million issue of 3 5/8% notes due April 13, 2021 (expected rating: A2) at 99.394 to yield 3.759%, or mid-swaps plus 260 basis points, a market source said.

The pricing matched talk, set at 260 bps.

HSBC, Barclays and QNB were the bookrunners for the Regulation S deal.

The lender is based in Doha.

Issuer:	Ahli Bank QSC
Amount:	$500 million
Maturity:	April 13, 2021
Description:	Senior notes
Bookrunners:	HSBC, Barclays, QNB
Coupon:	3 5/8%
Price:	99.394
Yield:	3.759%
Spread:	Mid-swaps plus 260 bps
Trade date:	April 6
Settlement date:	April 13
Expected rating:	Moody’s: A2
Distribution:	Regulation S
Price talk:	Mid-swaps plus 260 bps

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