By Christine Van Dusen
Atlanta, Oct. 9 - Qatar's Al Khalij Commercial Bank priced a $500 million issue of 3¼% notes due Oct. 22, 2018 (expected rating: //A-) at 99.575 to yield mid-swaps plus 180 basis points, a market source said.
The notes were talked in the mid-swaps plus 195 bps area.
BNP Paribas, HSBC, QNB Capital and Standard Chartered Bank were the bookrunners for the Regulation S deal.
The notes were issued via AKCB Finance Ltd.
The lender is based in Doha.
| Issuer: | AKCB Finance Ltd.
|
| Amount: | $500 million
|
| Maturity: | Oct. 22, 2018
|
| Description: | Senior notes
|
| Bookrunners: | BNP Paribas, HSBC, QNB Capital, Standard Chartered Bank
|
| Coupon: | 3¼%
|
| Price: | 99.575
|
| Spread: | Mid-swaps plus 180 bps
|
| Trade date: | Oct. 9
|
| Settlement date: | Oct. 22
|
| Expected rating: Fitch: A-
|
| Distribution: | Regulation S
|
| Price talk: | Mid-swaps plus 195 bps area
|
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