QNB prints first Qatari green bond

By Mariam Meskin
16 Sep 2020

Qatar’s largest bank, Qatar National Bank (QNB), has raised the country’s first green bond, in a deal that achieved a new issue discount while diversifying and expanding the issuer’s investor base.

The five year senior unsecured $600m 1.625% September 2025 bond attracted orders of around $1.8bn, making the deal three times oversubscribed.

Mark Abrahams, assistant general manager, group treasury at QNB told GlobalCapital: “We had been looking at doing a green bond for a while, though we wanted to ensure we were ...

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