By Sarah Lizee
Olympia, Wash., Sept. 24 – Ahli Bank PQSC subsidiary ABQ Finance Ltd. sold $500 million of 3 1/8% notes due 2024 (A2), according to a notice.
The notes were issued under the bank’s $1.5 billion euro medium-term note program. This is the third issuance out of the program.
The bonds were significantly oversubscribed by more than three times, with orders from more than 85 investors in Asia, MENA and Europe, the bank said.
Al Khaliji Commercial Bank, Barclays Bank, Mizuho Securities, QNB Capital and Standard Chartered Bank were the joint lead managers and bookrunners.
The lender is based in Doha.
| Issuer: | ABQ Finance Ltd.
|
| Issue: | Notes
|
| Amount: | $500 million
|
| Maturity: | 2024
|
| Bookrunners: | Al Khaliji Commercial Bank, Barclays Bank, Mizuho Securities, QNB Capital and Standard Chartered Bank
|
| Coupon: | 3 1/8%
|
| Rating: | Moody’s: A2
|
| Announcement date: | Sept. 24
|
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