Swiss Franc bond successfully listed
07 Diciembre 2010 - 5:36AM
UK Regulatory
TIDM76YP
RNS Number : 5014X
CBQ Finance Limited
07 December 2010
Commercialbank's Swiss Franc bond successfully listed
Tuesday 7 December 2010, Doha, Qatar: The Commercial Bank of Qatar announces the
successful closing of its public Swiss Franc bond.
The issue, which raised CHF 275 million, is a five-year fixed rate bond with an
annual coupon of 3%. The bond, which is the first public bond issue by a Qatari
bank in Switzerland, is listed on the SIX Swiss Exchange and has been rated A1
by Moody's and A- by Standard & Poors. The proceeds from the issue will be used
for general funding purposes.
The issue was jointly lead managed by Credit Suisse and BNP Paribas.
-END-
+------------------------------------+-----------------------------+
| | |
| For more information please | |
| contact: | |
| | |
| | Hugh Barker |
| Abdulla Al-Mosallam | Vice President |
| Head, Investor Relations | Financial Dynamics |
| Commercialbank | Tel: +974 6644 1426 |
| Tel: +974 4420 2626 | Email: hugh.barker@fd.com |
| Email: | |
| abdulla.almosallam@cbq.com.qa | |
| | |
+------------------------------------+-----------------------------+
Notes to Editors
About Commercialbank
Commercialbank Qatar is the leading private sector commercial bank in Qatar with
total assets of QR 60.2 billion as at 30 September 2010. As a full service
commercial bank, the Bank offers a full range of corporate, retail, Islamic, and
investment banking services as well as owning and operating exclusive Diners
Club franchises in Qatar and Oman. The Bank's countrywide network includes 31
full service branches, including 8 Islamic banking branches, and 140 ATMs. In
2009 Commercialbank inaugurated its 22-storey head office building in Doha's
West Bay area, whose completion represents the Bank's enduring commitment to
Qatar.
Profitable in every year since incorporation in 1975, continual investment in
technology and human capital, together with a strong capital base and
underwriting capability, provides a solid foundation for continued growth.
A successful diversification strategy has expanded Commercialbank's GCC
footprint through strategic partnerships with its associated banks, National
Bank of Oman (NBO) in Oman and United Arab Bank (UAB) in the UAE. NBO, the
second largest bank in Oman with total assets of RO 1.9 billion as at 30
September 2010, has 67 branches in Oman, 5 branches in Egypt and 1 in Abu Dhabi.
UAB is headquartered in Sharjah, with total assets of AED 7.1 billion as at 30
September 2010 and operates 11 branches in the UAE.
Commercialbank enjoys strong credit ratings of (A) by Fitch, (A1) by Moody's and
(A-) by Standard & Poor's. The Bank is listed on the Qatar Exchange and was the
first Qatari bank to list its Global Depository Receipts (GDRs) as well as its
bonds on the London Stock Exchange.
The Bank is dedicated to supporting Qatar's community and social infrastructure
through various Corporate Social Responsibility programmes and sponsorship of
events such as the Commercialbank Qatar Masters Golf Tournament.
www.cbq.com.qa
This information is provided by RNS
The company news service from the London Stock Exchange
END
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