* Morgan Stanley, BNP Paribas, HSBC arrange programme
* Qatar CDS at 4-month high on Thursday
* Doha Bank plans bond issue before Q1 2012
DUBAI, Aug 11 Commercial Bank of Qatar
, the Gulf Arab state's third largest lender, appointed
three banks and its own investment banking unit to arrange a $5
billion bond programme, a prospectus showed on Thursday.
The Qatari bank selected BNP Paribas , HSBC
, Morgan Stanley and Commercialbank Capital to
arrange a $5 billion bond programme, a prospectus showed on
The euro medium term notes programme was approved by
shareholders in February, paving the way for the lender to tap
international debt capital markets.
A prospectus for the bank's bond programme was published in
a regulatory filing on Thursday, but is dated July 7.
Aside from the arrangers, additional dealers on the
programme are Barclays Capital , Citi , Deutsche
Bank (DBKGn.DE), JP Morgan and Standard Chartered
CBQ last tapped global debt markets with a five-year, 275
million Swiss franc ($290 million) denominated bond issue in
November. The bond pays a coupon of 3 percent
The bank also issued $1.6 billion in a dual-tranche bond in
Separately on Thursday, the chief executive of Doha Bank
said the lender would issue a bond before the first
quarter of 2012, having delayed a sale earlier in the year.
The cost of insuring Qatari debt against default rose to a
four-month high on Thursday to 102 basis points, on global
volatility and concerns over euro zone debt, raising chances
that regional borrowers will prefer to wait until global markets
are stable before a bond issue.
(Reporting by Rachna Uppal)