Qatar funding freeze thaws in Asia as QNB prints $630m Formosa

By Virginia Furness
14 Sep 2017

Qatar National Bank has secured $630m with a structured Formosa bond to prove it is still able to access funding despite the sensitives surrounding the Qatar crisis.

As GlobalCapital reported last week, emerging markets bankers have expressed reticence about working with Qatar and borrowers in the country for fear of alienating other clients in the Gulf. As such, a private placement was deemed the best approach, two bank analysts said last week.

The 30 year zero coupon ...

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