Commercial Bank of Qatar kicks off second quarter

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By Frank Jackman
08 Apr 2021

Commercial Bank of Qatar kicked off the second quarter with its first Swiss deal of the year. It was joined by New York Life, which raised Sfr475m as it benefited from its two triple-A ratings.

Credit Suisse and Deutsche Bank kicked off pricing for CBQ with initial thoughts in the mid-swaps plus 78bp-80bp area for a minimum Sfr100m sized 0.195% April 2024 note.

The deal was later increased to Sfr150m ($162.36m) and the spread was fixed at 78bp over mid-swaps, equating ...

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