Qatar
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Additional tier one issuance from Qatar will be far lower than that from Gulf neighbours -
AT1 from Qatar are far rarer than those from the UAE or Saudi Arabia
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Investors are growing full of heavy subordinated issuance
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Demand for the 10 year was driven by scarcity and a 'thirst' for duration, said investors
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Qatar's trade came close to an EM record set by Abu Dhabi just two months ago
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Less illustrious issuers may struggle to repeat Qatar bank's outcome, and more expensive euro funding would crimp interest
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Trade will be priced close to, or level with, what the bank would pay in dollars, said a lead
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Book shrank by $700m after the issuer squeezed spread
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CBQ sells first international bond for over a year
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Up to 30bp new issue premium offered at initial pricing disappeared
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Big moves from guidance, small concessions paid
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NBK, QIC and RAK Bank looking for subordinated bonds
